Batteries Would Take Tesla To All-Time High

By Douglas A. McIntyre Published Apr 13, 11:33AM EDT

Quick Read

People Worry About How Far EVs Go
New Batteries Could Change The Game
Tesla’s Sales Have Been Poor In 2026

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Batteries Would Take Tesla To All-Time High — © 2014 Getty Images / Getty Images News via Getty Images

Tesla’s (NASDAQ: TSLA | TSLA Price Prediction) stock hit an all-time high in October 2025. It has collapsed since then. Year to date, it is down 22% against a flat market. One reason is that its car business is struggling. Wall St. was disappointed that it produced just over 408,000 vehicles in Q1 and delivered just over 358,000 vehicles. And, its vehicles are old, to the extent that they have changed little in several years.

There was a time when the EV car business was not terrible. Tesla was the leader in what the world believed was the “next big thing” in the car industry. The miracle of Tesla’s stock is when it rose from $23 in June 2020 to $400 in November 2021.

Tesla’s stock fell apart for several reasons. A number of these stemmed from founder Elon Musk losing interest in Tesla’s core EV business. He wanted self-driving cars and AI-driven robots. Although he lost his lead in China, he still has a foothold in Europe and leads the US market.

The demise of the EV business in Western countries is overstated. The industry became less attractive when it was splintered four years ago. The large fossil fuel companies dumped billions of dollars into the market, each hoping to be the Tesla killer. Each has, in its turn, retreated. China remains the threat, but at least tariffs have mostly dampened its EV growth outside its own market, at least in very large countries.

EVs have several disadvantages compared to gas-powered cars. The top of this list is public charger availability and range. Of course, public chargers are not as big a deal if EVs can go 400 miles, 500 miles, or even further on a single charge.

Several of the old-world car companies think they have solved the range problems. Renault says it is close to offering a vehicle that can run 600 miles on a charge. Tiny EV company Lucid (NASDAQ: LCID) says it has crossed the 400-mile barrier. Tin EV company Rivian (NASDAQ: RIVN) says it can do the same.

If Tesla can marry its market share and brand with a range that the public believes is acceptable, it is back in the car business. Robots won’t mean as much to shareholders if they mean much at all. Tesla’s stock will surge, if it gets down to business.

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.