Tesla Inc. (TSLA) shares traded significantly higher on Monday, October 13, 2025, fueled by positive sentiment from Wall Street analysts and a key production announcement from its Shanghai Gigafactory. Melius Research initiated coverage on Tesla with a "Buy" rating and a price target of $520. Additionally, Evercore ISI Group raised its price target on the stock from $235 to $300, while maintaining an "In-Line" rating. The positive analyst actions were compounded by news from Tesla China's Vice President, Grace Tao, who announced that the Giga Shanghai facility has begun its fourth-quarter production ramp-up. This move follows a record-breaking third quarter for vehicle deliveries. The combination of bullish analyst outlooks and the signal of increased production from its largest manufacturing hub boosted investor confidence, with Tesla's stock price rising nearly 4% during the trading day.