Tesla’s Shanghai factory shipped 90,812 vehicles in September, up 2.8% from last year, with the new six-seat Model Y variant contributing to growth. Q3 deliveries hit 241,890 vehicles, the fourth-highest on record, and Tesla made its first shipments to India. In China, Tesla’s market share rose to 8.66%.

Tesla’s Shanghai factory is ramping up production for Q4, aiming for strong numbers. September sales reached 71,525 vehicles, up 25% from August. The Model YL, a longer variant, is popular, with wholesale figures increasing by 17% to 59,000 units. CEO Elon Musk bought $1 billion worth of TSLA stock recently.

Analyst Rob Wertheimer gave TSLA stock a “Buy” rating with a $520 price target, citing its importance for AI exposure. However, Tesla’s automotive gross margin fell to 17.2% in Q2 2025 from 28.5% in 2022 due to price cuts and competition. A new vehicle reveal is anticipated, possibly a mass-market model.

Analysts predict Tesla could report sales of $94.1 billion in 2025, down 3.6% YoY, with adjusted earnings decreasing to $1.71 per share. Forecasts show revenue and earnings per share rising to $222 billion and $9.50, respectively, in 2029. Despite varied recommendations, the average TSLA stock price target is $345.

Read more at Yahoo Finance: Tesla’s China Shipments Are on the Rise. Should You Buy TSLA Stock Here?