Tesla's market share in the U.S. electric vehicle industry fell below 50% in Q2 2024, dropping from 59.3% to 49.7% year-over-year. Despite this, Tesla's stock has seen significant gains, rising for 11 consecutive days and increasing its market cap by over $250 billion. The stock surged 50% in a month, finishing up 3.71% on July 9, reaching $270, but experienced a sharp decline of 7.6% on July 11, its largest drop since March 4. Analysts have raised price targets, with Goldman Sachs increasing it by $73 to $248 per share and HSBC raising its target pre-market. Tesla has regained its position as one of the top 10 largest stocks globally and is up 5.6% YTD.