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. $TSLA is scaling Giga New York to ~300MW of annual solar module capacity bringing more solar assembly in-house. The move reduces reliance on third-party suppliers and shifts production to the U.S. pic.twitter.com/GG4nZi9afA — Shay Boloor (@StockSavvyShay) February 2, 2026 Seth Winger, Tesla senior manager for solar products engineering, described the initiative as “audacious” and “ambitious” in LinkedIn posts. The company is recruiting engineers and scientists to scale production rapidly. A Tesla job listing stated the goal is to “deploy 100GW of solar manufacturing from raw materials on American soil before the end of 2028.” The timeline adds clarity to Musk’s previously announced vision. 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...