TSLAUSDT (TSLA) news

Exchange-Traded Funds, Equity Futures Down Pre-Bell Thursday as Oil Prices Rise After Trump Says He Does Not Want Iran Deal

09:23 AM EDT, 10/08/2026 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.4%, and the actively traded Invesco QQQ Trust (QQQ) slipped 0.6% in Thursday's premarket activity, as oil prices rose after US President Donald Trump said he does not want a deal with Iran to end the war. US stock futures were down, with S&P 500 Index futures dropping 0.5%, Dow Jones Industrial Average futures slipping 0.8%, and Nasdaq futures dropping 0.7% before the start of regular trading. US initial jobless claims fell to a level of 197,000 in the week ended Oct. 3 from 199,000 in the previous week, compared with expectations for an increase to 200,000 in a survey compiled by Bloomberg. Wholesale inventories data for August are expected at 10:00 am ET. Weekly natural gas stocks data are due to be released at 10:30 am ET, and the Atlanta Federal Reserve is expected to update its GDP nowcast estimate around midday. In premarket action, bitcoin was down by 1.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.4% lower, Ether ETF (EETH) retreated 1.4%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was inactive. Power Play: Technology The State Street Technology Select Sector SPDR ETF (XLK) retreated 0.9%, the iShares US Technology ETF (IYW) was 0.7% lower, and the iShares Expanded Tech Sector ETF (IGM) was down 2.1%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was inactive, while the iShares Semiconductor ETF (SOXX) dropped by 1.9%. Taiwan Semiconductor Manufacturing (TSM) shares were down 1.5% in premarket activity after Bloomberg reported that the company logged a 51% jump in quarterly revenue, helped by the AI boom. Winners and Losers: Consumer The State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.7%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was inactive, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF

Lemonade Expands Autonomous Car Insurance Coverage to Tesla Models With FSD v14 Lite

09:02 AM EDT, 10/08/2026 (MT Newswires) -- Lemonade (LMND) has expanded its autonomous vehicle insurance coverage to include older Tesla (TSLA) models with HW3 onboard computers running the new full self-driving (Supervised) v14 Lite software, the insurance firm said Thursday. Tesla drivers in Arizona, Colorado and Tennessee using HW3 with the v14 Lite software can receive a 30% discount on miles driven while autonomous features are engaged, Lemonade said. Lemonade said it plans to roll out the expanded HW3 coverage to additional states. Tesla users with vehicles running newer HW4 onboard computers continue to qualify for a 50% discount on those miles, the company added.

Tesla Full Self-Driving to Be Approved in Slovakia

07:09 AM EDT, 10/08/2026 (MT Newswires) -- Tesla's (TSLA) Full Self-Driving system is expected to be available soon in Slovakia, Transport Minister Jozef Raz said in a post on his LinkedIn account Wednesday. Slovakia would be the ninth European Union country to authorize the US electric vehicle maker's driver-assistance technology, Reuters reported.

Slovakia will approve Tesla's autonomous driving technology

Reuters, October 8 – Slovakia is expected to approve Tesla’s TSLA.O Full Self-Driving (FSD) system within a few days, according to a video posted Wednesday afternoon on LinkedIn by Transport Minister Jozef Ráž. This move will make Slovakia the ninth EU country to approve this driver-assistance technology. "Data shows these vehicles reduce accident rates, and that is our goal," he stated. Ráž said the ministry would send a letter of recognition to the Netherlands, where the Dutch regulator RDW approved the system earlier this year and acts as the main supervisory body for Tesla’s European approval process. "Once this letter is delivered, the FSD system can also be used here. But remember: you are still the driver and remain responsible for the vehicle. We do this for your safety," Ráž said in the video. The minister's comments closely followed a Reuters report detailing how Tesla lobbied for FSD approval in Europe by framing regulators as barriers to advancing road safety technology. Several European countries, including the Czech Republic, Slovenia, and Denmark, have approved the use of the system earlier this year. An EU-wide vote on FSD could take place as early as December. (For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. Since automated translation may be incorrect or may not provide the necessary context, Reuters does not guarantee the accuracy of automated translation and provides it purely as a convenience for readers. Reuters assumes no responsibility for any damage or loss caused by use of automated translations.)

Micron's target price is significantly raised by investment banks, with a maximum of 3,000 USD

DA Davidson has raised Micron's target price to $3,000, implying a 176% upside from the current share price. The core logic is that the AI-driven memory supercycle will continue until 2028, with the supply-demand gap widening further. The key variable lies in the shift of demand—buyers are transitioning from smaller, high-default-risk clients to tech giants such as Amazon, Microsoft, and Google. Micron has already secured $150 billion in remaining contractual obligations.

AI Big 10 Hits Record 42% of US Market Cap — Surpassing Every Prior Bubble Peak

Ondo, Kakaopay Open Korean Stocks to Global Investors

Former Tesla Optimus chief reportedly founded a robotics startup

According to The Information, the former head of Optimus at Tesla (TSLA.US) is founding a robotics startup.

UBS Adjusts Price Target on Tesla to $391 From $385, Keeps Neutral Rating

09:20 AM EDT, 10/07/2026 (MT Newswires) -- Tesla (TSLA) has an average rating of overweight and mean price target of $377.04, according to analysts polled by FactSet. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Elon Musk personally defines Terafab: TSMC can at most "sublease a portion," operation is out of the question.

Musk clarified that Terafab will be independently constructed and operated, with TSMC possibly subleasing part of the site; Intel will be involved in technology development and will supply Tesla and SpaceX AI.

TESLA INC <TSLA.O>: UBS RAISES TARGET PRICE TO $391 FROM $385

TESLA INC : UBS RAISES TARGET PRICE TO $391 FROM $385

US Stock Market Preview | All Three Major Index Futures Fall, Brent Crude Surpasses $100 Again, 30-Year Treasury Yield Rises to Highest Level Since 2002

Futures for the three major U.S. stock indexes are all down.

Intel Stock Is Defying the Chip Slump as Musk Explains TSMC Role in AI Project -- Barrons.com

By Callum Keown Much ado about nothing? Intel stock was defying the chip slump ahead of the open Wednesday after CEO Lip-Bu Tan and SpaceX's Elon Musk clarified the company's role in the gigantic Terafab AI chip project. It's good news-or at least better news than it might have been when Musk said on Saturday he was in discussions with Taiwan Semiconductor Manufacturing over collaborating on the Tesla and SpaceX project that Intel joined in April. Tan said Intel will continue working on the project, Bloomberg News reported Wednesday, while Musk played down any potential involvement by TSMC. "No, we will build and run the fab. Let there be ZERO doubt about that," he said in a post on X, replying to a suggestion that TSMC could own and run the plant. "Maybe TSMC subleases part of the Terafab if they want, but nothing more than that," he added. While not as bad as perhaps feared, TSMC's involvement still isn't great news for Intel. It seems the market was under the impression Intel would have the project to itself. Intel's shares have fallen 5.7% so far this week but were edging 0.1% higher ahead of the open Wednesday. That's as the broader sector was falling -- the iShares Semiconductor ETF (SOXX) pointed 1.7% lower in premarket trading. Advanced Micro Devices and Micron Technology were around 2% down. Intel stock remains up 205% in 2026, through Tuesday's close. Write to Callum Keown at callum.keown@dowjones.com This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. (END) Dow Jones Newswires October 07, 2026 08:24 ET (12:24 GMT)

Intel Stock Is Defying the Chip Slump as Musk Explains TSMC Role in AI Chip Project -- Barrons.com

By Callum Keown Much ado about nothing? Intel stock was defying the chip slump ahead of the open Wednesday after CEO Lip-Bu Tan and SpaceX's Elon Musk clarified the company's role in the gigantic Terafab AI chip project. It's good news-or at least better news than it might have been when Musk said on Saturday he was in discussions with Taiwan Semiconductor Manufacturing over collaborating on the Tesla and SpaceX project that Intel joined in April. Tan said Intel will continue working on the project, Bloomberg News reported Wednesday, while Musk played down any potential involvement by TSMC. "No, we will build and run the fab. Let there be ZERO doubt about that," he said in a post on X, replying to a suggestion that TSMC could own and run the plant. "Maybe TSMC subleases part of the Terafab if they want, but nothing more than that," he added. While not as bad as perhaps feared, TSMC's involvement still isn't great news for Intel. It seems the market was under the impression Intel would have the project to itself. Intel's shares have fallen 5.7% so far this week but were edging 0.1% higher ahead of the open Wednesday. That's as the broader sector was falling -- the iShares Semiconductor ETF (SOXX) pointed 1.7% lower in premarket trading. Advanced Micro Devices and Micron Technology were around 2% down. Intel stock remains up 205% in 2026, through Tuesday's close. Write to Callum Keown at callum.keown@dowjones.com This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. (END) Dow Jones Newswires October 07, 2026 08:22 ET (12:22 GMT)

BUZZ - Reports claim Intel is still involved in Elon Musk's Terafab project, prompting a surge in its stock price

Latest update October 7 - Chipmaker Intel (INTC.O) shares rose 0.84% to $113.45 in premarket trading, attempting a rebound after four consecutive days of decline. Intel (INTC) CEO Pat Gelsinger told Bloomberg (link) the company will continue to advance Elon Musk's Terafab chip manufacturing (link) project. The report was released just days after Musk said TSMC 2330.TW and Terafab had discussed potential collaboration (link). Terafab is Elon Musk’s planned chip manufacturing plant (link), aiming to produce AI chips for Tesla TSLA.O and SpaceX SPCX.O. Last Saturday, Musk said that discussions were still at a preliminary stage and added that there may be results. However, on Wednesday he stated that TSMC (link) would not operate the Terafab AI chip production facility. Intel and Tesla did not immediately respond to Reuters' request for comment outside regular business hours. As of the close of the previous trading day, Intel (INTC) shares had more than tripled year to date. The stock dropped a total of 6.4% over the last four trading sessions. Meanwhile, shares of other major chipmakers declined, with Nvidia NVDA.O and AMD AMD.O dropping 0.6% and 1.8%, respectively. (For the convenience of non-English speakers, Reuters automates the translation of its reports into several other languages. As automated translations may contain errors or lack required context, Reuters does not guarantee the accuracy of automated translated texts. Automated translations are provided solely to assist readers. Reuters does not accept any liability for damage or loss resulting from the use of automated translation services.)

Market Chatter: Tesla Gains German Support for Driver-Assistance Tech Amid EU Approval Push

07:04 AM EDT, 10/07/2026 (MT Newswires) -- Tesla (TSLA) received backing from Germany for its driver-assistance software as the company seeks European Union approval, Reuters reported Wednesday. Germany's Transport Minister Steffen Bilger backed prompt EU approval of Tesla's driver-assistance system and agreed to support allowing it to exceed speed limits by up to 10%, according to the report. Tesla offered to rename its Full Self-Driving system "Tesla Assisted Driving" amid concerns over misleading terminology, while an EU vote on the technology has been delayed until at least December due to concerns over speeding, Reuters added. Tesla did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TESLA INC <TSLA.O>: YORKVILLE IVES INITIATES COVERAGE WITH OUTPERFORM RATING; TARGET PRICE $500.00

TESLA INC : YORKVILLE IVES INITIATES COVERAGE WITH OUTPERFORM RATING; TARGET PRICE $500.00

Musk welcomes German backing for Tesla driver assistance tech as group chases EU approval

German transport minister says he will push for system approval Germany agrees with Tesla for FSD to exceed speed limit by up to 10% Tesla offers to rename system Tesla Assisted Driving, minister says By Marie Mannes and Miranda Murray BERLIN, Oct 7 (Reuters) - Tesla TSLA.O CEO Elon Musk on Wednesday welcomed Germany's backing for the US automaker's driver-assistance software system, as he seeks Europe-wide approval for the technology that traffic-safety researchers have warned carries inflated safety claims. "Danke schoen," wrote Musk on his social media platform X about German Transport Minister Steffen Bilger pushing for approval of the "Full Self-Driving" technology across Europe. Bilger said in a statement on Tuesday that he is advocating for prompt EU approval after discussing numerous technical details, as well as liability issues, with Tesla last month. As part of the discussions, Germany agreed with Tesla that the system may slightly exceed the maximum speed limit by up to 10% – an approach Germany will also support within the European approval process, where speeding has become one of the main points of contention. Safety advocates and some regulators argue Tesla's use of a speed-offset function, which allows the system to drive above the posted limit, should be removed before approval is granted. Bilger added that Tesla has also offered to rename the system "Tesla Assisted Driving" to address concerns that the name is somewhat misleading. The system offers assistance to drivers, but is not fully autonomous. "My goal is for Tesla drivers to be able to enjoy the benefits of 'assisted driving' throughout the EU without delay," said Bilger. TESLA LOBBYING HARD FOR EU APPROVAL Germany is the latest in a handful of European countries, including the Netherlands and Belgium, to throw their support behind the technology. However, several EU countries, including Sweden and France, have expressed concerns about FSD exceeding speed limits, and an EU vote expected for October has been pushed back to at least Decemb

BUZZ - Reports suggest that Intel is still involved in Musk's Terafab project, sending its stock price higher

October 7th - Chipmaker Intel (INTC.O) shares rose 1.5% in pre-market trading to $114.23. According to Bloomberg, CEO Chen Liwu stated that Intel (INTC) will continue its involvement in Elon Musk’s Terafab chip manufacturing project. This report comes just days after Musk revealed that TSMC (2330.TW) and Terafab had discussed potential cooperation. Terafab is a chip manufacturing plant planned by Elon Musk to produce artificial intelligence chips for Tesla and SpaceX. Intel and Tesla did not immediately respond to Reuters’ request for comment outside regular business hours. As of the previous trading day’s close, Intel (INTC) had more than tripled its gains so far this year (For the convenience of non-English speakers, Reuters provides automated translations of its reports into several other languages. As automated translations may have inaccuracies or fail to deliver the intended context, Reuters does not guarantee the accuracy of the automated texts and provides them purely for reader convenience. Reuters accepts no liability for any damages or losses resulting from the use of automated translation functions.).

Market Chatter: Tesla Pressures European Regulators Over Full Self-Driving Approval

04:54 AM EDT, 10/07/2026 (MT Newswires) -- Tesla (TSLA) is pushing European regulators to speed approval of its Full Self-Driving technology, using social media and safety research to build support for the driver-assistance system, Reuters reported Wednesday. According to the report, the company has won approval in the Netherlands and seven other EU countries, paving the way for an EU-wide vote. However, traffic-safety researchers who reviewed Tesla's European safety research for Reuters said the data does not support the company's claim that FSD prevents fatal crashes, the report said. Tesla has urged regulators to scale back safety reviews, using social media to encourage supporters to lobby European officials for faster approvals, Reuters added. Tesla did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Stocks Futures Steady as Bond Selloff Extends, Oil Prices Rise

By Joe Stonor Nasdaq and S&P 500 futures were little moved in early European trade after the indexes surged to records in the last session, as still-higher Treasury yields and a fresh jump in oil prices failed to knock U.S. stock market exuberance. The "Magnificent Seven"--the mega-cap companies Nvidia, Apple, Alphabet, Microsoft, Amazon, Meta and Tesla--continued to strengthen in premarket trade after powering indexes to new records. Gains were limited elsewhere, however, as futures for the Dow Jones Industrial Average futures dropped 0.2%. Futures for the S&P 500 were flat, while Nasdaq futures edged 0.1% lower amid weakness for some chip makers. "The breadth of the rally has narrowed," said UBS Wealth Management Chief Investment Officer Mark Haefele. "The increasing concentration of market gains reinforces the importance of managing risk." Brent crude oil prices rose 0.6% to $101.20 a barrel while WTI prices neared $90 after Houthi militants attacked Saudi airports. Conflict in the Arabian peninsula is escalating after Saudi-backed forces launched a counteroffensive to retake territory along the Red Sea. Treasury yields rose in tandem with oil prices. Ten-year yields added 3.6 basis points to 5.307%, while 30-year yields jumped 4.3 basis points to 5.683%. Higher yields and oil prices dragged the market mood in Asia and Europe. The Korean Kospi slipped 2%, while Hong Kong's Hang Seng Index fell 0.6%. Japan's Nikkei 225 fell 0.9%. In Europe, AI-linked stocks slid as the continent-wide Stoxx 600 fell 0.55%. French government bonds came under renewed pressure as budget talks remain in focus. Ten-year French OAT yield increased 5.4 basis points to 4.806% compared with a 2.2-basis-point rise for 10-year Bund yields. The dollar continued to strengthen as oil prices rose, prompting a fall in bitcoin and gold prices. Bitcoin fell close to $84,100, while New York gold contracts fell 0.7% to $4,159 a troy ounce. For the day ahead, the Federal Reserve will publish minutes from its September policy meeting, adding color to

Musk says TSMC won't run Terafab AI chip complex

Rewrites with Musk comments, details Oct 7 (Reuters) - Tesla TSLA.O and SpaceX SPCX.O CEO Elon Musk said on Wednesday that his companies will build and run the Terafab AI chip complex, with TSMC 2330.TW possibly subleasing a part of it. Here are more details: Terafab is a planned Tesla-SpaceX project in Texas that aims to build "a gigantic chip fab" to make artificial intelligence chips. Replying to a post on X that said the most likely outcome was TSMC owning and running the fab, Musk wrote: "No, we will build and run the fab. Let there be ZERO doubt about that." "Maybe TSMC subleases part of the Terafab if they want, but nothing more than that," he added. Last week, Musk said that there had been discussions about potential cooperation with TSMC on the Terafab project, without giving further details. Earlier on Wednesday, Intel CEO Lip-Bu Tan told Bloomberg News that the US chipmaker, which is a partner in the project, will remain involved. Any involvement by TSMC could challenge Intel's role in Terafab, as Musk weighs partners for the chipmaking venture. TSMC and Intel did not immediately respond to requests for comment. (Reporting by Disha Mishra and Shivani Tanna in Bengaluru; Editing by Janane Venkatraman) ((Disha.Mishra@thomsonreuters.com))

Exchange Traded Funds Top 10 Volume Leaders

NET % VOL STOCK (Symbol) LAST CHG CHG 100s GrShr 2x Sh NVDA Daily NVD 3.30 -0.01 -0.30 80,567,445 ProShares Bitcoin ETF BITO 11.45 0.01 0.09 62,817,014 Leverage 2X Lg TSLA Dly TSLG 5.16 0.04 0.79 60,797,044 iShares MSCI Brazil ETF EWZ 43.00 0.02 0.05 59,618,325 Direxion Semicon Br 3x SOXS 29.63 0.01 0.03 54,481,796 SS Utils Sel SPDR XLU 41.16 1.19 2.98 51,925,353 Direxion TSLA Bull 2X TSLL 10.31 0.10 0.98 48,277,325 iShares iBoxx $ HY Cp Bd HYG 77.27 0.29 0.38 47,352,227 Direxion Semicon Bl 3x SOXL 164.26 -0.01 -0.01 44,370,545 ProShares Sh Russell2001 RWM 14.25 0.12 0.85 42,766,696 (END) Dow Jones Newswires October 06, 2026 17:38 ET (21:38 GMT)

Market Chatter: Tesla to Display Cybercab Robotaxi at Paris Show

12:28 PM EDT, 10/06/2026 (MT Newswires) -- Tesla (TSLA) will showcase its cybercab robotaxi at the Paris Motor Show, which begins on Oct. 12, Bloomberg reported Tuesday, citing a phone interview with the show director Serge Gachot. Visitors won't be able to ride in cybercab during the event, according to the report. Attendees can test drive six other Tesla vehicles featuring its driver-assist systems, Gachot said, according to Bloomberg. Tesla did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 380.04, Change: +1.31, Percent Change: +0.35

Sumitomo Metal expects global nickel market to stay in surplus in 2027

Stocks Rise Pre-Bell After Nasdaq Reaches New Record High

07:56 AM EDT, 10/06/2026 (MT Newswires) -- US equity futures were tracking in the green on Tuesday following gains in the previous session, when the tech-heavy Nasdaq reached a record closing high. The S&P 500 rose 0.2%, the Dow Jones Industrial Average increased 0.5%, and the Nasdaq 100 added 0.3% in premarket activity. The indexes finished Monday trading strong, with the Nasdaq Composite hitting a new peak. Shares of major companies in the artificial intelligence trade were trending upwards pre-bell, including SpaceX (SPCX), Nvidia (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD) and Qualcomm (QCOM). Microsoft (MSFT), Meta Platforms (META) and Amazon (AMZN) were also up early Tuesday. Treasury yields were down, with the two-year rate retreating 2.1 basis points to 4.81% and the 10-year rate falling 3.4 basis points to 5.28%. The latter reached its highest level since April 2002 on Monday, according to CNBC. The Federal Reserve is scheduled to post minutes from its September policy meeting on Wednesday, which will be assessed for fresh insight into the central bank's monetary policy. At that meeting, the central bank raised interest rates by 25 basis points, its first hike in just over three years, to combat inflation that has run persistently above its 2% target. Markets are currently pricing in a 78% probability that the Fed will keep its benchmark rate steady this month, with the remaining odds in favor of a 25-basis-point hike, according to the CME FedWatch tool. Fed Vice Chair for Supervision Michelle Bowman is scheduled to speak at 10:45 am ET. New York Fed President John Williams, Kansas City Fed President Jeffrey Schmid and Dallas Fed President Lorie Logan are also slated to speak on Tuesday. Tuesday's thin economic calendar has the international trade in goods and services report for August at 8:30 am. West Texas Intermediate crude oil declined 1.9% to $87.76 a barrel, while Brent dropped 1.8% to $98.49. Yemen's government forces said on social media that they've reclaimed control of the strategic por

Social Buzz: Wallstreetbets Stocks Mixed Pre-Bell Tuesday; SpaceX to Rise, Nike to Fall

06:33 AM EDT, 10/06/2026 (MT Newswires) -- The most-talked-about stocks in the Reddit subforum Wallstreetbets were mixed hours before Tuesday's opening bell. SpaceX (SPCX) was up 1.3% in pre-bell hours, following a 7.6% rise in the previous session. Nvidia (NVDA) was 0.8% higher hours before market open, after closing Monday with a 2.1% increase. Tesla (TSLA) advanced by 0.8% in pre-bell activity, following a 2.2% rise in the previous session. Microsoft (MSFT) rose 0.6% in premarket hours, after a 1.5% increase Monday. Amazon.com (AMZN) was up 0.6% premarket, reversing a 0.1% decline in the previous session. Nike (NKE) fell 1.2% in pre-bell hours, swinging from a 0.3% increase at Monday's close. Sandisk (SNDK) declined by 0.6% pre-bell, following a 0.9% fall in the previous session. Micron Technology (MU) was down 0.5% premarket, after a 1% fall at Monday's close.

NEAR Traders Are Pleased to See the Altcoin Break Above $5 and Trade Above, Will This Momentum Hold?

Elon Musk Returns to Pentagon — SPCX Breaks Ascending Triangle, TSLA in Focus

U.S. stocks ignore high yield warnings! Tech stocks lead gains, pushing the S&P 500 near historic highs

As investors largely ignored concerns arising from bond yields reaching multi-decade highs, tech stocks led the rally, pushing the S&P 500 close to its historical high.