TSLA Stock Gains As Tesla EV Registrations Soar In Europe — Ross Gerber Says 'High Gas Prices Work Their Magic'

• In the EU, European Free Trade Association, and the U.K. in April, Tesla sold 10,654 cars, up 47% YoY from 7,272 units in the same month a year ago.
• Tesla’s market share in the battery electric vehicle segment in the EU inched up to 0.9% in April 2026, from 0.6% during the year-ago period.
• Despite its third consecutive month of gains, Tesla is still lagging behind BYD, which continued to race ahead with a surge of about 117% YoY.

Tesla Inc.’s (TSLA) car sales in the European market soared 67% year-on-year in April, extending the company’s winning run in the region to the third consecutive month.

According to data from the European Automobile Manufacturers’ Association (ACEA), Tesla sold 9,169 cars in the European Union in April, up from 5,483 units in the same period a year ago. In the EU, the European Free Trade Association, and the U.K. in April, Tesla sold 10,654 cars, up 47% YoY from 7,272 units in the same month a year ago.

Tesla’s shares were up more than 2% in Wednesday’s pre-market trade. TSLA was among the top trending tickers on Stocktwits at the time of writing.

TSLA Market Share Inches Up

Tesla’s market share in the battery electric vehicle segment in the EU inched up to 0.9% in April 2026, from 0.6% during the year-ago period.

A similar pattern was visible in the EU, EFTA, and the U.K. market, with Tesla’s share rising to 0.9% from 0.7% in the year-ago period.

BYD Races Ahead Of TSLA

Despite its third consecutive month of gains, Tesla is still lagging behind BYD, which continued to race ahead with a surge of about 117% YoY.

According to ACEA data, BYD car registrations in the EU stood at 20,863 during April 2026, more than doubling from 9,633 units during the same period a year ago. BYD’s market share in the EU also more than doubled to 2.1% during the month, from 1% a year ago.

However, Tesla's and BYD's gains in April were significantly higher than the growth in battery electric vehicle (BEV) registrations in the EU that month. According to the data, BEV registrations in the region rose about 38% YoY in April, reaching 200,177 units.

Ross Gerber Turns Optimistic On TSLA

Meanwhile, Tesla shareholder and co-founder of investment firm Gerber Kawasaki, Ross Gerber, expressed optimism about the company’s turnaround in the EU.

“It feels like Tesla sales have bottomed and are looking better. High gas prices work their magic. People want the best EVs despite the dissonance,” Gerber said in a post on X.

Brent crude oil futures expiring in July hovered around $92.5 per barrel, up nearly 28% since the start of the war in Iran in February this year.

TSLA stock is down 4% year-to-date, but up 28% over the past 12 months. The S&P 500 ETF (SPY) is up 30% over the past 12 months, while the Invesco QQQ Trust (QQQ) is up 43%.

The Vanguard Total Stock Market Index Fund ETF (VTI) and the Vanguard S&P 500 ETF (VOO) are up 30% during this period.

Also See: Lululemon Reaches Truce With Chip Wilson, Secures 18-Month Standstill — Founder Calls Board Changes ‘Meaningful Progress’

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