Tesla's stock hits sixth straight gain as markets reach new highs
Tesla’s stock continued its upward trend on Thursday, marking a sixth straight day of gains. Shares climbed 0.4% to close at $442.10, pushing the company’s market value to around $1.56 trillion. The rise came as broader markets also hit new highs, with the S&P 500 and Nasdaq reaching record levels. The recent rally reflects mixed investor sentiment. Some remain optimistic about Tesla’s recovery in vehicle deliveries, particularly after European registrations jumped 46.5% in April. However, concerns persist over the long-term viability of its Full Self-Driving (FSD) technology, which continues to face safety scrutiny.
In the first quarter, Tesla produced over 408,000 vehicles but delivered around 358,000, highlighting a gap between output and sales. Meanwhile, Chinese rival BYD more than doubled its European registrations in April, intensifying competition. Battery-electric vehicles now account for 19.7% of Europe’s market share in the first four months of 2026. The broader market’s positive performance added to Tesla’s momentum. Both the S&P 500 and Nasdaq closed at all-time highs, reinforcing confidence in tech and growth stocks.
Tesla’s stock surge comes amid contrasting signals—strong delivery growth in Europe but lingering doubts about FSD’s future. With BYD gaining ground and production outpacing deliveries, the company’s next moves will be closely watched. The market’s record highs provide a supportive backdrop, though Tesla’s path forward remains uncertain.
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