Tesla shares up 1.6% as China deliveries jump and Europe rebounds

Tesla shares rose 1.6% to $422.57 on Tuesday after fresh delivery and registration figures pointed to stronger vehicle demand in China and parts of Europe.

Data from the China Passenger Car Association showed deliveries of China-made Tesla vehicles rose 39.4% year‑on‑year in May, the seventh consecutive month of growth for the company’s China operations. The figures cover both domestic sales and exports from Tesla’s Shanghai factory. Combined deliveries of Model 3 and Model Y from the Shanghai plant reached 85,982 units in May, an 8.2% increase from April.

New vehicle registration data in several European markets indicated gains in May. Registrations in France rose 655% year‑on‑year to 5,446 vehicles. Norway recorded 3,345 units, up 29%. Denmark reported 1,750 registrations, a 136% increase; Spain reached 1,690, up 113%; Portugal recorded 1,463, up 349%; and Sweden logged 858, a 71% rise. Italy was weaker in the month, with registrations down 23.5% to 654 vehicles, though Tesla’s cumulative sales in Italy for the first five months of 2026 were more than 15% higher than the same period in 2025.

The uptick followed a roughly 4.5% decline in Tesla’s stock on Monday, when investors reacted to an announcement that expanded robotics ambitions at OpenAI. Market participants viewed the announcement as a potential competitive factor for Tesla’s humanoid robot plans.

Investors continue to weigh Tesla’s near‑term automotive performance alongside its investments in Full Self‑Driving software, potential robotaxi services and the Optimus humanoid robot program.