TSLA Stock Jumps After Strong China EV Sales In April Bucks Q1’s Global Downturn Trend

• The Model 3 and Model Y vehicles made in Shanghai are sold in China and also in select overseas markets, including Europe. 
• Tesla’s sales in Europe also showed a mixed but broadly positive rebound in April 2026, with new vehicle registrations surging in several major markets while declining sharply in others. 
• The shift in market momentum for Tesla vehicles is significant after global vehicle deliveries fell in the first quarter.

Shares of Tesla Inc (TSLA) jumped nearly 3% on Thursday after the company’s China-made EV sales reportedly jumped for the sixth consecutive month in April.

According to a Reuters report, citing data from the China Passenger Car Association, sales of the vehicle built at Tesla’s gigafactory in China totaled 79,478 in April, marking a growth of 36% year-over-year. The Model 3 and Model Y vehicles made in Shanghai are sold in China and also in select outside markets, including Europe.

Tesla’s sales in Europe also showed a mixed but broadly positive rebound in April 2026, with new vehicle registrations surging in several major markets while declining sharply in others, according to national registration data compiled by Reuters. Registrations more than doubled year-over-year in France, Sweden, Denmark, and Ireland, while clocking two-digit gains in Belgium, Romania, the Netherlands, and Switzerland. However, sales fell in traditionally strong markets, including Norway, Spain, Portugal, and Italy.

Recovery After Q1 Slump

The shift in market momentum for Tesla vehicles is significant after global vehicle deliveries fell in the first quarter.

Tesla delivered 358,023 vehicles globally in the first quarter of 2026, a modest 6.3% increase from 336,681 units in Q1 2025 but falling short of Wall Street consensus estimates of approximately 365,645 vehicles.

The company produced 408,386 vehicles during the period, roughly 50,000 more than it delivered, resulting in a notable buildup of inventory. Model 3 and Model Y vehicles accounted for the bulk of deliveries at 341,893 units, while other models, including the Cybertruck, contributed 16,130.

Last month, Reuters also reported that Tesla is eyeing developing a cheaper, compact SUV in China to address concerns of an aging passenger vehicle lineup.

How Did TSLA Retail Traders React?

On Stocktwits, retail sentiment around TSLA stock stayed within the ‘extremely bullish’ territory over the past 24 hours, while message volume rose from ‘low’ to ‘normal’ levels.

A Stocktwits user expressed hopes for Tesla merging with Elon Musk’s rocket manufacturing company SpaceX, in time.  

Another user expressed optimism for TSLA stock breaching the $420 mark.

TSLA stock has risen 49% over the past 12 months. 

Read More: UBER Stock Drops After Q1-Spurred Rally, But Wall Street Sees Significant Upside

For updates and corrections, email newsroom[at]stocktwits[dot]com.