Tesla (TSLA) just noted a significant milestone that could boost its stock value, which has seen an 8% dip in 2026 but is up 18% since April 7. Indeed, Tesla China’s wholesale sales rose strongly in April vs. a year earlier, according to new data released on Thursday. Deliveries of Model 3 and Model Y vehicles built at Tesla’s Shanghai plant, including those exported to Europe and other markets, totaled 79,478 units, data from the China Passenger Car Association showed on Thursday.
Tesla stock rose over 3% Thursday morning, with Wall Street responding positively to the news. Further, the stock has now reached a crucial price level that many analysts mark as a buy point. With shares currently sitting at $410, TSLA stock now sits above its 200-day line, according to its price chart. The fact that the stock decisively cleared that line could set up an aggressive entry, with analysts forecasting further gains into the second half of 2026. Tesla’s move comes after a months-long slump for Tesla stock as well. From February to April, TSLA finished down for eight consecutive weeks, partly due to market weakness and poor deliveries/sales. It eventually recovered on the back of updates about its latest AI5 chip and broad market gains.
Furthermore, Tesla’s move away from its vehicular focus and towards AI developments has brought mixed reactions from experts, but its stock is still climbing. The Tesla Robotaxi rollout is, at the time of writing, the part of the story investors follow most closely. However, its Optimus robot and chip technology are becoming a bigger focus for Elon Musk’s EV giant. Therefore, the boost from sales in China, combined with the recent rebound in EU sales, could be the start of something big for TSLA investors.
Heading into Q2, the Tesla Q1 earnings results hand investors a decent floor — stronger margins, a broader Tesla Robotaxi rollout, and a clean beat on both EPS and revenue. Tesla’s capital expenditure surge and the FSD delay, though, will likely shape how the market prices TSLA from here. Investor sentiment is mixed, with key targets ranging from $438 to $600.
