Tesla’s China-manufactured electric vehicle (EV) saw record levels of sales with a surge of 91% in February. Sales of Model 3 and Model Y vehicles manufactured in the Shanghai plant recorded sales in China and Europe. A total of 58,600 units were sold last month, up 91% from last year. It also saw an increase of 9.3% from January, with robust sales this year. Tesla stock (NASDAQ: TSLA) is now on the radar, as it experienced a major slump in EV sales last year.
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Will The Rise in Sales Benefit Tesla Stock?
Tesla stock opened on Wednesday’s bell at $399 and remains on the red side of the spectrum. The lacklustre performance comes after the car maker saw a 15.2% dip in sales in 2025. The company also faced challenges with February deliveries last year due to the fluctuations in shifting the Lunar New Year times, which resulted in a partial assembly line suspension. A series of events also led to a slowdown in production.
Now that’s the thing of the past, and Tesla’s China-made EV cars have sold the most this year, TSLA stock could pick up steam from the boost in revenue. Zacks Investment Research firm recently revised TSLA’s price prospects with a bullish prediction. This makes the stock a must-watch as the chances of an uptick remain high. Tesla’s 91% rise in sales is impressive despite the cut-throat competition in the EV sector.
According to the price prediction, Tesla stock could reach a high of $600 next. That’s an uptick and return on investment (ROI) of close to 50% from its current price. An investment of $1,000 could turn into $1,500 if the price prediction from Zacks turns out to be accurate. However, on the downside, the firm has given a doomsday prediction of $125 if the market experiences a crash.