NEW YORK — Tesla shares closed the most recent session on firm footing, with $TSLA finishing Friday at about $379.71, up roughly 1.2% from the prior close. With U.S. markets shut over the weekend, that Friday print is the latest completed tape heading into a pivotal week — one that culminates in Tesla's second-quarter delivery report, due in early July.
The Move
Tesla (NASDAQ: TSLA) drifted higher into the weekend in a relatively quiet session, holding the $375 to $380 band it has occupied for much of late June. There was no single blockbuster catalyst on Friday; instead, the stock firmed as traders positioned ahead of the delivery data and digested a steady stream of operational good news rather than reacting to one headline.
Why $TSLA Held Firm
The most concrete tailwind came from Europe. Tesla confirmed it will boost Model Y output at Gigafactory Berlin by about 20% to 7,500 vehicles per week and add 1,000 jobs, citing a sharp rebound in European demand — registrations in Germany quadrupled year-over-year in March, and Model Y registrations more than doubled across several markets. That news lands just as Tesla's Full Self-Driving software keeps clearing European regulators, reinforcing the bull case for software-driven margins.
Attention now turns to deliveries. Wall Street's Q2 consensus sits near 406,000 vehicles, implying modest year-over-year growth, and a beat could be the next leg up. Analysts remain split: the average 12-month target clusters in the roughly $395 to $416 range with a prevailing Hold, while Wedbush holds a Street-high $600 target anchored on autonomy and AI. That divergence has defined the tape, which closed near $378 in the prior market article and barely moved since.
