** Shares of Tesla TSLA.O rise 2.2% to $407.42 after the EV maker's sales in China grow 36% year-on-year in April

** TSLA is on track for its highest close since mid-February

** Deliveries of TSLA's Model 3 and Model Y vehicles built at its Shanghai plant, including those exported to Europe and other markets, totaled 79,478 units, data from China Passenger Car Association shows on Thursday

** China is TSLA's second-largest market outside the U.S.

** 54 analysts cover TSLA, giving it an avg rating of "HOLD" and median PT of $415, per LSEG data

** TSLA is down 9.4% YTD vs NASDAQ Composite Index's .IXIC 11.5% increase