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Tesla's EV sales surge, setting stage for 30% stock rise to previous peak.

Market News
13 Oct 2026
24/7 Wall Street
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Bullish
Tesla's EV sales surge, setting stage for 30% stock rise to previous peak.

Tesla has made a strong comeback in its electric vehicle (EV) business, with sales rising notably in China, Europe, and the US despite challenges. Deliveries in China increased 5% year-over-year, while European sales jumped nearly 66% in the first eight months of 2026. Tesla's US market share also climbed back above 50%, helped by reduced competition as other automakers scaled back EV efforts. These gains have boosted Tesla's vehicle production and deliveries beyond expectations, paving the way for a potential 30% stock price increase to its previous high of $490 per share.

Tesla shares trade at USD 374.18 on Pluang as of Oct 13, 2026 21:11 WIB, below its 52-week high of USD 489.88. The stock has seen a 1-day decline of 1.02%, with a market cap of $1.49 trillion. Pluang users currently show 60% sell and 40% buy activity, reflecting mixed sentiment despite the company's strong sales growth.

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