TSLA Stock Eyes $400 Mark as Tesla Jumps on Stronger-Than-Expected Deliveries
Tesla shares roared back from a steep decline, helping power US indexes to new records as market optimism grows.
Quick overview
- Tesla shares rebounded sharply from a previous decline, closing at $315.65 after a 5% drop the day before.
- The stock's recovery contributed to record highs for US indexes, with the S&P 500 and Nasdaq both reaching all-time peaks.
- Stronger-than-expected quarterly delivery numbers helped restore investor confidence, despite a year-over-year decline.
- Tesla's recent performance reflects broader market optimism and its significant influence on investor sentiment.
Live TSLA Chart
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Tesla shares roared back from a steep decline, helping power US indexes to new records as market optimism grows.
Tesla Rebounds Strongly After Sharp Drop
After plunging 5% yesterday and closing at $300, Tesla (NASDAQ: TSLA) made a decisive turnaround today. The stock opened higher in early trading, sustained its momentum through the session, and closed at $315.65 in New York. Investor enthusiasm didn’t stop at the bell: in after-hours trading, TSLA continued to edge upward, moving above $316.
TSLA Chart Daily – Support Is Getting Higher
This powerful rebound follows a day of broader strength in tech stocks. The S&P 500 rose 0.5% and the Nasdaq gained 0.9%, with both indexes closing at fresh all-time highs. Tesla was one of the biggest contributors to the rally, underlining its outsized influence on market sentiment. Meanwhile, the Dow Jones Industrial Average was essentially flat, taking a breather after a big move earlier this week.
Stronger-Than-Expected Deliveries Fuel Optimism
Tesla’s surge today was driven by quarterly delivery numbers that beat gloomy forecasts. The company reported about 374,000 deliveries of its popular Model 3 and Model Y vehicles last quarter. Although that figure represents a 13% year-over-year decline, it was better than Wall Street analysts had projected—helping to restore some confidence in the EV giant’s trajectory.
Since hitting lows around $220 in early April, Tesla’s stock has mounted an extraordinary comeback. In less than three months, shares have jumped over 60%, with a recent peak at $335.50 in May. Investor optimism has been buoyed by signs of a potential rebound in EV demand, progress in autonomous driving technology, and improved sentiment about international trade prospects.
Overcoming Political Tensions
However, the ride hasn’t been smooth. Just weeks ago, Tesla suffered a sharp 20% weekly drop amid a public clash between CEO Elon Musk and US President Donald Trump over the administration’s tax and budget bill. The spat spooked investors, marking one of the stock’s worst weekly performances this year. Since then, though, markets have moved on, and Tesla has worked its way back up.
Technical Outlook: Next Target at $400?
From a technical perspective, Tesla’s recent rally is significant. The stock has decisively broken above its 20-day simple moving average (gray line), a level that had capped gains during the post-correction bounce. With momentum building, traders are now setting their sights on the next major psychological level at $400 per share.
Conclusion: Tesla’s rebound is emblematic of the broader market’s renewed risk appetite and optimism. As tech stocks lead the charge to new highs, investors are betting that strong consumer demand, improving trade dynamics, and continued innovation will keep powering gains—even for names that recently faced turbulence. Tesla’s performance this week highlights its role as both a bellwether and a driver of broader market sentiment.
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