NEW YORK — Tesla stock nudged higher in the most recent completed session, closing at $396.18 on Tuesday, up $1.42, or 0.36%, from Monday's close of $394.76. It was a quiet, constructive day for shares of the electric-vehicle maker (NASDAQ: TSLA) as traders positioned ahead of next week's earnings report.
The modest gain came against a supportive backdrop. Jefferies analyst Philippe Houchois lifted his price target on Tesla to $400 from $375 while keeping a Hold rating, one of several cautious-but-rising calls landing ahead of the print, a shift also reflected in the broader analyst repricing before July 22.
Record Deliveries Underpin The Bid
The bigger tailwind is fundamental. Tesla's record second quarter, 480,126 vehicles delivered and 13.5 GWh of energy storage deployed, reset expectations and ended a two-year run of annual sales declines. That strength, detailed in Tesla's Q2 delivery and earnings-call announcement, gives bulls a concrete reason to look past near-term margin questions and toward the July 22 report.
The Market Data
At Tuesday's $396.18 close, $TSLA held comfortably in the upper half of its trading band over the past year, a stretch that has swung from the high-$200s into the mid-$400s. Volume was unremarkable, consistent with a market waiting on hard numbers rather than reacting to a specific catalyst. Live quotes are available on Yahoo Finance, Google Finance, WSJ and Nasdaq.
