NEW YORK — Tesla (NASDAQ: TSLA) closed Friday's session at $379.71, leaving the electric-vehicle and AI company holding in the high-$370s as traders position ahead of a second-quarter delivery report that a growing chorus of analysts now expects to beat Wall Street's estimates.
The Move
$TSLA finished the most recent completed session at $379.71, little changed on the day and consolidating after pulling back from the $400 level earlier in the month. With U.S. markets closed for the weekend, that Friday close stands as the latest print. The stock is down roughly 17% year to date as investors weigh near-term EV demand against Tesla's longer-term autonomy and AI ambitions, a tug-of-war that recently saw $TSLA pull back toward $375 before stabilizing.
Why: A Delivery Beat May Be Brewing
The most important catalyst on the tape is Tesla's looming Q2 delivery number. Barclays analyst Dan Levy told clients he expects about 418,000 deliveries for the quarter — well above the roughly 396,000 to 406,000 consensus and his firm's own prior 385,000 estimate — citing momentum in Europe and resilient demand in China. UBS (around 405,000) and Baird (around 392,900) also weighed in constructively this week, and Barclays reaffirmed its view that a delivery beat should be viewed positively. Tesla's own analyst consensus, published Friday, pegs Q2 deliveries at 406,024 units, which would mark year-over-year growth — and a beat against that bar could provide the next leg of support for the shares.
Market Data
At Friday's $379.71 close, $TSLA carried a market capitalization north of $1.2 trillion and traded within a 52-week range that has spanned roughly the high-$200s to the mid-$400s. Wall Street's average 12-month price target sits near $403, implying modest upside from current levels, with Wedbush's Street-high $600 target anchoring the bulls. Investors can track live quotes on Yahoo Finance, Google Finance, WSJ, and Nasdaq.
