Tesla (TSLA) Stock Gains 4% on Solar Manufacturing Expansion

TLDR

• Tesla stock advanced 4.1% to $413.50 as executives announced active hiring for Elon Musk’s 100 GW U.S. solar manufacturing target
• Company revealed 2028 deadline for solar capacity goal, marking first concrete timeline for the expansion project
• Oppenheimer Asset Management boosted Tesla holdings 17.5% while total institutional ownership reached 66.2%
• Q4 earnings beat expectations at $0.50 EPS vs $0.45 estimate despite 3.1% revenue decline to $24.90 billion
• Volkswagen overtook Tesla as Europe’s leading EV seller in 2025 as competition intensifies across key markets

Tesla shares climbed 4.1% to $413.50 on February 9 as new details emerged about the company’s solar manufacturing plans. The advance extends a recovery from recent lows.

Tesla, Inc., TSLA

Job postings revealed Tesla’s target to deploy 100 GW of solar manufacturing capacity by end of 2028. This represents the first specific deadline for the project.

The stock is holding above $400, which has transitioned from resistance to support. The 50-day moving average trends higher below current prices while the 200-day average sits in the mid-$360s.

Institutional Ownership Expands

Oppenheimer Asset Management increased its Tesla position 17.5% in Q3, adding 8,804 shares. The fund now holds 59,155 shares valued at roughly $26.31 million.

Norges Bank acquired a new $11.84 billion stake in Q2. Institutional investors now own 66.2% of outstanding shares.

AustralianSuper Pty Ltd raised its stake 1,823% during Q2. Narwhal Capital Management grew holdings 32.8% in Q3.

Tesla reported Q4 results on January 28, posting $0.50 earnings per share. Analysts expected $0.45.

Revenue totaled $24.90 billion, down 3.1% from the prior year. The company trades at a P/E ratio of 380.66 with a $1.54 trillion market cap.

Wall Street maintains a consensus Hold rating with an average price target of $403.92. Seventeen analysts rate it Buy, fourteen say Hold, and nine recommend Sell.

Competition Heats Up in EV Space

Volkswagen surpassed Tesla as Europe’s top EV seller in 2025. Volkswagen’s European BEV sales jumped 56% while Tesla registrations fell 27%.

BYD previously overtook Tesla in global sales. The market share losses signal structural challenges in core automotive markets.

Tesla is pursuing diversification through solar expansion, vehicle-to-grid programs, and AI robotics. The company launched a Texas pilot allowing Cybertruck owners to earn credits by supplying power to the grid.

The U.S. currently operates 65 GW of solar module capacity and 3.2 GW of solar cell capacity. Tesla’s 100 GW target would require massive expansion.

Tesla acquired a Buffalo factory through its 2016 SolarCity purchase, targeting 1 GW of production. Partner Panasonic exited in 2020.

Immediate resistance sits near $430, with stronger supply between $460 and $480. A break below $395 would weaken the technical setup and open the door to $370.

Director Kimbal Musk sold 56,820 shares on December 9 at $450.66 per share. CFO Vaibhav Taneja sold 2,637 shares on December 8 at $443.93.

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