NEW YORK, June 29, 2026, 13:01 EDT
- Tesla jumped 5.9% to $402.28, tacking on roughly $80 billion in market cap based on the latest price.
- Tesla’s share of QQQ added roughly 0.18 percentage point to the ETF’s move.
- Tesla’s internal Q2 consensus points to 406,024 deliveries and storage deployments of 13.8 GWh.
- Morgan Stanley is forecasting around 413,000 Q2 deliveries, which is higher than consensus, but the bank is staying cautious on storage.
Cash equities in the U.S. traded as normal at the stated time. The NYSE isn’t closed for a holiday on June 29, 2026, according to its calendar. Regular hours are 9:30 a.m. to 4:00 p.m. ET.
Tesla, Inc. NASDAQ:TSLA traded up 5.9% to $402.28 as of 12:46 p.m. ET, Google Finance showed. The gain put Tesla’s market cap at $1.424 trillion, up around $80 billion for the day.
Invesco QQQ Trust NASDAQ:QQQ was the easier trade for investors watching Tesla. QQQ gained 1.95% to $720.28. Tesla made up 3.02% of the ETF’s holdings on the last Schwab list. With that weighting, Tesla’s rally added about 0.18 percentage point to QQQ’s move, or around 9% of its total gain.
| Market line | Latest figure | Investor read |
|---|---|---|
| Tesla, Inc. NASDAQ:TSLA | $402.28, +5.9% | Market cap up by about $80 bln |
| Invesco QQQ Trust NASDAQ:QQQ | $720.28, +1.95% | Tesla move meant around +0.18 pct point |
| Tesla weight in QQQ | 3.02% | Roughly 9% of the QQQ rise was from Tesla |
| Nasdaq Composite | +1.36% at 11:45 a.m. ET | Tech stocks as a group lifted Tesla’s run |
Nasdaq Composite rose 1.36% and the S&P 500 gained 0.78% as of 11:45 a.m. ET, Reuters said. William Blair macro analyst Richard de Chazal said the Iran conflict followed a pattern of “heightened tensions into the weekend” that then eased by Monday’s open. Goldman Sachs NYSE:GS chief U.S. equity strategist Ben Snider said S&P 500’s 12-month gain came “entirely by earnings.” Reuters
This is important for investors with Tesla in index funds instead of holding the stock directly. Tesla isn’t the top weight in QQQ, but its big price move this week was enough to make deliveries into an event for the whole index.
Investors are focused on deliveries as the next key number. Tesla’s table of sell-side forecasts from 22 firms, posted June 26, shows Q2 vehicle deliveries at 406,024—up 13.4% from the 358,023 vehicles in Q1. Storage deployments are pegged at 13.8 GWh, a 56.8% jump from the previous quarter.
| Tesla metric | Q1 actual | Q2 consensus | Sequential change |
|---|---|---|---|
| Model 3/Y deliveries | 341,893 | 392,625 | +14.8% |
| Other model deliveries | 16,130 | 12,978 | -19.5% |
| Total deliveries | 358,023 | 406,024 | +13.4% |
| Energy storage deployments | 8.8 GWh | 13.8 GWh | +56.8% |
Morgan Stanley NYSE:MS raised its outlook for Tesla second-quarter deliveries to about 413,000, up from its previous call of around 373,000. The bank pointed to stronger results in Europe and China. Morgan Stanley kept its $415 price target. It also flagged a more cautious stance than the Street on Tesla energy storage, forecasting 11.8 GWh for Q2, while consensus is closer to 14.3 GWh.
Regulators cleared up one open point over the weekend. U.S. auto safety officials said Saturday they ended their probe into power-steering loss on Teslas, after last year’s recall of 376,000 vehicles.
The price side for AI is still up in the air. Tesla CEO Elon Musk last week called the spike in memory-chip prices the “biggest price jump in anything I’ve ever seen” and said there needs to be “MUCH higher production.” That’s key for Tesla, since the stock trades on autonomy and AI as well as just car sales. businessinsider.com
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