The leveraged exchange-traded fund tracking Tesla Motors, specifically the 2x Long Tesla ETF (07766), rose more than 6% in trading. At the time of writing, the ETF was up 6.02%, trading at 125 Hong Kong dollars, with a turnover of 5.04 million Hong Kong dollars.
The move follows the release of data on May 7 from the China Passenger Car Association, which showed that Tesla's Shanghai Gigafactory delivered 79,000 vehicles in April, a 36% increase compared to the same period last year, indicating strong growth momentum.
Globally, Tesla Motors now has over 9 million vehicle owners. The Model Y has been the world's best-selling vehicle for three consecutive years and was the top-selling passenger car in the domestic market in March. Additionally, the larger six-seater luxury SUV Model Y L, manufactured at the Shanghai plant for export, has begun deliveries in several Asia-Pacific markets.
Separately, market news on May 8 indicated that the U.S. National Highway Traffic Safety Administration announced that the 2026 Tesla Model Y has become the first vehicle to pass its advanced driver-assistance system safety test. According to official data from Tesla Motors, its intelligent driver-assistance system has accumulated over 16 billion kilometers (10 billion miles) of driving globally, with a safety record more than eight times better than the average on U.S. roads.
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