Although Tesla (NASDAQ: TSLA) stock has been on a bullish run in recent weeks, historical data suggests that the electric vehicle manufacturer is about to enter its most profitable phase.

Notably, TSLA shares have been surging toward the $500 mark. At the end of Friday’s session, Tesla was valued at $439, having gained nearly 100% over the past six months.

Historically, November has been Tesla’s most favorable month, with a win rate of 73%, the highest probability of gains since its IPO, according to insights from charting platform TrendSpider. 

Over the years, the company has posted an average return of 11.68% during November, reinforcing its reputation for strong performance during this period.

Seasonality data over the past 15 years shows that the EV maker tends to perform well in the final quarter of the year. After a modest dip in October, with an average return of around 3%, the stock typically rallies through November and December.

Tesla stock fundamentals 

Indeed, several factors could drive Tesla’s bullish phase as 2025 draws to a close. Continuous advancements in electric vehicle technology, production expansion, and potential new product launches keep the company well-positioned within the tech and automotive sectors.

Ahead of November, Tesla’s stock has been gaining momentum, fueled by Elon Musk’s $1 billion share purchase, which strengthened investor confidence in the company’s long-term growth, particularly in AI and autonomous driving. 

Meanwhile, the Shanghai Gigafactory ramped up production, leading to a 2.8% rise in China-made EV sales after two months of declines. 

Further progress in Full Self-Driving (FSD) technology and plans for robotaxis and humanoid robots have also bolstered Tesla’s bullish outlook.

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