It took seven minutes for Wolves to open the scoring at Telford's New Bucks Head, with Austin Samuels finishing off a superb team move.
Niall Ennis then scored with a stunning 25-yard strike on 23 minutes.
Sadou Diallo's first Wolves goal and efforts from Carlos Heredia and Dominic Iorfa made it 5-0 by half-time.
Iorfa netted his second on 58 minutes, before Paulo Alves rounded off the scoring with another spectacular strike in second-half stoppage time.
The win puts Wolves one point above second-placed Man Utd. Sunderland are 11th.