Tesla's market share in the US fell below 50% for the first time, but the stock price continued to rise for 11 consecutive days

According to the Wisdom Finance app, as of Wednesday, Tesla (TSLA.US) stock has risen for 11 consecutive days. The stock experienced a slight decline in early trading, but later rebounded, closing up 0.35% at $263.26. Better-than-expected delivery results, increased sales of battery storage products, and optimism about Tesla's robotaxi event on August 8 all contributed to the rise in stock price. Wall Street also played a role. Since the delivery data was announced on July 2, analysts have raised their target price at least eight times, with an average increase of about $45. Goldman Sachs analyst Mark Delaney raised Tesla's stock target price from $175 to $248 on Wednesday and maintained a "hold" rating. However, the stock fell in after-hours trading, possibly due to data from Cox Automotive showing that Tesla's market share in the United States has dropped below 50% for the first time. Cox typically releases detailed electric vehicle sales reports 10 days to two weeks after the end of a quarter. The full second-quarter electric vehicle report has not yet been released, which will show which companies have achieved the highest growth. Despite falling below 50% market share, Tesla remains the largest electric vehicle seller in the United States, far ahead of its competitors. In the first quarter, Tesla sold about 140,000 electric vehicles in the U.S., with a market share of around 52%. Ford, ranked second, sold 20,000 all-electric vehicles in the first quarter. Tesla's market share in the electric vehicle sales markets in Europe and China is approximately 20% and 10%, respectively. Another noteworthy news is that Tesla has announced price increases for its cars in Germany, Spain, and other parts of Europe. Due to tariffs imposed by the European Commission on electric cars manufactured in China, Tesla has raised the prices of its Model 3 cars in countries like Germany, the Netherlands, and Spain by around €1,500 ($1,622), depending on the model. In June, Tesla warned that due to the impact of tariffs, it might increase car prices starting from July, with tariffs reaching 37.6% depending on the car manufacturer. The European Commission stated that Tesla's cars were supposed to be subject to a 20.8% tariff, but has requested a recalculation of its tax rate