Tesla stock (TSLA) surged 4.1% to $413.50 on February 9, 2026, extending a rebound from recent lows as investors responded to new, concrete details about the company's large-scale solar manufacturing expansion and confirmation of its electric Semi truck production ramp. The stock is holding above the psychologically important $400 level, with its 50-day moving average trending higher.
Key drivers of the rally include the first concrete timeline for Tesla's ambitious solar project. Recent job postings revealed the company's goal to "deploy 100GW of solar manufacturing from raw materials on American soil before the end of 2028." Seth Winger, Tesla's senior manager for solar products engineering, called it an "audacious, ambitious project" on LinkedIn. This marks the first time Tesla has attached a specific deadline to this solar expansion, which aims to significantly boost U.S. solar module capacity from its current level of 65 GW.
Simultaneously, CEO Elon Musk confirmed over the weekend that "Tesla Semi starts high volume production this year." The company refreshed its website, listing two variants: a Standard model with a 325-mile range and a Long Range version with a 500-mile range. Both support fast charging, recovering up to 60% of range in 30 minutes.
Institutional confidence appears to be growing. Oppenheimer Asset Management increased its Tesla stake by 17.5% in Q3, purchasing an additional 8,804 shares. Norges Bank acquired a new stake valued at $11.84 billion in Q2. Total institutional ownership now stands at 66.2% of shares.
Despite the positive news, Tesla faces significant headwinds. The company reported Q4 earnings of $0.50 per share, beating the $0.45 consensus, but revenue fell 3.1% year-over-year to $24.90 billion. Competitive pressure is intensifying, with Volkswagen overtaking Tesla as Europe's top EV seller in 2025, and BYD having previously surpassed it in global sales. The stock trades at a high P/E ratio of 380.66.
Analyst sentiment remains mixed, with a consensus "Hold" rating and an average price target of $403.92. Some, like TD Cowen's Jeff Osborne, view the 100 GW solar target as "aspirational rather than likely for the U.S. solar supply chain in the midterm," citing Musk's history of ambitious timelines.
