Tesla European EV Sales Surge 67% and Stock Rises on SpaceX IPO Buzz
TSLA•Tesla’s April European registrations climbed 67.2% year-over-year to 9,169 vehicles, lifting market share to 0.9% and boosting the stock 1.11% on May 27. Investors are also eyeing a potential Tesla-SpaceX merger and a $1.25 trillion SpaceX IPO, while diversification into AI and energy awaits the July 22 earnings catalyst.
1. European EV Sales Growth
In April, new car registrations in the European Union rose 5.1% to 972,314 units, with electric vehicle sales jumping 37.7%. Tesla deliveries in the region soared 67.2% year-over-year to 9,169 vehicles, raising its EU market share from 0.6% to 0.9%.
2. Stock Reaction and IPO Speculation
On May 27, Tesla shares gained 1.11% following the strong EU delivery figures. Market chatter centers on a potential merger between Tesla and SpaceX and a subsequent $1.25 trillion SpaceX IPO under the SPCX ticker after its merger with xAI.
3. Diversification and Upcoming Earnings
Beyond vehicle sales, Tesla continues to expand into artificial intelligence, robotics and energy storage solutions. The company’s next quarterly report is set for July 22, which will reveal whether current growth levels are sustainable.
