Tesla Stock Rose Again. Three Reasons for the Jump.

Tesla stock surged again on Thursday, bringing the two-day gain to more than $28 a share, up 17.4%.

Shares closed at $170.18, up 5%, while the S&P 500 and Nasdaq Composite fell 0.5% and 0.6%, respectively.

First quarter earnings are still at work. Tesla stock rose 11.8% on Wednesday after first-quarter results reported Tuesday evening weren’t great, but were good enough. Tesla earned 45 cents a share, down from 85 cents a year earlier, but given Telsa’s disappointing 387,000 units delivered in the first quarter, investors feared a worse outcome.

More important than the bottom line earnings, Telsa said it was accelerating the development of its l ower-priced vehicle that was originally slated for late 2025. A new vehicle will help get Tesla’s growth rate up.

A second reason for the big stock gain is Contemporatry Amperex Technology Co. , which is better known as CATL.

It’s the world’s largest EV battery maker and unveiled a battery at the Beijing Auto show on Thursday that can get up to 375 miles of range with a 10-minute charge and go more than 600 miles on one charge.

The cost of the battery has to be right, but those specs are impressive and alleviate a lot of range and charging anxiety.

Tesla buys batteries from CATL.

Another reason for the Thursday is the stock charts. Tesla stock was badly beaten up coming into earnings and has some room to run before hitting resistance around $175. “Many eyes are on that [level] I’m sure,” says CappThesis founder Frank Cappelleri .

He isn’t making a fundamental call on Tesla stock. Cappelleri is a market technician who looks at stock charts to get a sense of where shares of any company can go over the short and medium terms.

Support and resistance represent levels where investors, and traders, have bought and sold shares in the past.

Tesla stock is down 32% year to date after the epic two-day run.

A new investment fund targeting celebrity-founded consumer brands has secured US$40 million in commitments and is rapidly approaching its US$50 million fundraising target, signalling growing investor appetite for alternative opportunities beyond traditional asset classes.

The Global Talent Fund, which has a maximum raise of US$100 million, focuses on building and investing in consumer businesses alongside celebrities, athletes, and influential personalities who play an active role as co-founders rather than simply endorsing products.

The strategy is based on the belief that changes in consumer behaviour, particularly the rise of social media and digital engagement, have fundamentally altered how brands are built and scaled.

GTF founding partner Jeremy Hunt, who is helping lead the fund’s strategy, said consumers increasingly feel connected to personalities they follow online and are more willing to support products developed by those individuals.

“Consumers are searching for content to engage with, and when a celebrity they like or follow takes them on the journey of creating a product or brand, they genuinely feel part of that process,” he said.

The fund is targeting high-growth consumer sectors including wellness, hydration, beauty and recovery, areas Hunt believes continue to benefit from strong global demand and ongoing innovation.

Rather than backing celebrity endorsement deals, the fund is seeking businesses where talent is deeply involved in product development, brand creation and long-term growth.

According to Hunt, authenticity remains one of the biggest differentiators between successful celebrity-backed brands and those that fail.

“The consumer can see clearly if someone is simply being paid to promote a product,” he said. “The winners are typically the brands where the celebrity has genuinely helped build the business from the ground up.”

The model has attracted support from several prominent Australian investors and business families, reflecting broader interest in alternative investments with global growth potential.

Hunt said consumer brands offered a level of tangibility that many investors found appealing.

“Consumer brands are what we touch, feel, smell and taste every day,” he said. “Our investors understand the growth potential in the model, but they also want to be part of the journey.”

The fund’s rapid progress towards its fundraising target comes amid growing recognition that celebrity influence, when combined with strong commercial execution and scalable business models, can create significant enterprise value.

With several high-profile celebrity-founded businesses generating billion-dollar exits in recent years, supporters of the strategy believe the opportunity remains in its early stages.

Tesla Stock Rose Again. Three Reasons for the Jump.

With US$40 million already committed, the Global Talent Fund is attracting investor attention with a strategy focused on building globally scalable consumer brands alongside high-profile talent.