Why Tesla (TSLA) rose 2.50% on August 4, 2026

Tesla (TSLA) rose 2.50% on August 4, 2026 — Risk-on mood & cheaper oil boost EV margins.

Oil prices tumbled on hopes of Iran nuclear talks relief, triggering a broad risk-on rally in equities and high-beta growth names.

Lower oil reduces near-term inflation risks and input costs, improving EV operating margins while boosting appetite for capital-intensive, long-duration growth plays like Tesla.

Tesla is riding the Robotaxi, EV & Physical AI supercycle higher as geopolitical de-risking lifts sentiment; cheaper energy removes a structural margin headwind for both EV production and AI compute buildouts.

If oil rebounds on stalled Iran talks or geopolitical tension re-escalates, the de-risking narrative reverses and Tesla's margin support erodes.