Business
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Millie Giles
8/5/25

Nintendo’s stock popped on Switch 1 price hikes and powered-up Switch 2 sales

Since releasing its long-awaited (and much-needed) Switch 2 console back in June, Nintendo stock has been leaping like Mario — and now, it’s not just strong sales reports helping to boost the video game company’s star-powered share price.

Nintendo’s stock soared 7% on Monday, and rose another 1.3% in trading in Tokyo today, after the company announced that the price of the original Switch and its related products would go up in the US “based on market conditions” (read: tariffs). That leaves the stock within touching distance of an all-time high.

Indeed, the price of the Switch 1 went up to ~$339 on Sunday — after eight years of costing ~$299 — while the Switch OLED went up by $50, The Verge reported, in line with the 15% tariff on Japanese imports announced on July 31. Still, if price adjustments weren’t enough, a strong start for Switch 2 sales seems to be enough for investors to play with.

Nintendo switch 2 sales forecast
Sherwood News

Nintendo’s fiscal first-quarter results, released Friday, showed that more than 5.8 million Switch 2 consoles have sold from April to June — more than twice the pace of the original Switch, having sold 2.7 million units in its first quarter. Off the back of these figures, Nintendo has said it still expects to shift 15 million Switch 2 consoles, at $450 apiece, by the end of FY26.

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Tesla jumped more than 2% premarket on Friday after the company proposed an unprecedented roughly $1 trillion pay package for CEO Elon Musk, according to proxy filings.

To receive the massive payout, Musk will have to increase the company’s market cap to $8.5 trillion from the approximately $1 trillion it is today over the next 10 years.

The pay package also requires that Musk expand Tesla’s product offerings to include 1 million Robotaxis in commercial operation and the “delivery of 1 million AI Bots.” Currently the company has about 30 autonomous robotaxis in its invite-only Austin ride-hailing service, though this week the company expanded the waitlist for the service to everyone. Tesla's Optimus robots are still under development.

Musk would also have to take part in his own succession planning and develop a framework for who’s to follow him.

Investors have historically tied the fate of Tesla with Musk, so holding on to him for an extended period of time and having his blessing for the succession plan is typically seen as good news for the stock.

“We believe that Elon’s singular vision is vital to navigating this critical inflection point,” the filing reads. “Simply put, retaining and incentivizing Elon is fundamental to Tesla achieving these goals and becoming the most valuable company in history.”

A judge twice struck down Musk’s previous $56 billion compensation package. Last month the board approved a $30 billion interim pay package, saying that “retaining Elon is more important than ever.”

Shareholders will vote on the pay package at their annual meeting on November 6.

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