Tesla stock jumps to $322 as political clouds clear and robotaxi launch nears
Tesla is preparing for the launch of its long-anticipated robotaxi platform in Austin, expected later in 2025
As of June 20, Tesla stock is trading at $322.05, up 1.8% in the past 24 hours.
This level represents a short-term rebound following a volatile start to 2025, where the stock experienced sharp drawdowns due to political uncertainties.
Highlights
- Tesla stock has rebounded to $322, supported by easing political concerns and anticipation around its robotaxi launch.
- Technical indicators point to potential gains if the stock breaks above $350 resistance.
- Analysts remain divided, with targets ranging from $320 to $400 based on differing views of Tesla’s AI and autonomy prospects.
The technical setup reveals that Tesla has been forming a series of higher lows since hitting its year-to-date bottom in April. This pattern is often a precursor to a sustained uptrend, especially when accompanied by supportive volume, as seen in Tesla's case. The intraday low on June 19 near $316 serves as a key support level, with additional buying interest expected if prices revisit this range. RSI levels, which had dipped below 30 during May's selloff, are now in the neutral-to-bullish territory, suggesting that TSLA is no longer oversold and has room to rise before reaching overbought conditions.
A critical resistance level now lies around the $350 region, which aligns with both previous breakdown zones from early March and the 200-day simple moving average. If TSLA manages to break and hold above this line, it could validate a medium-term trend reversal and attract further institutional buying. Beyond $350, the next upside target is the $380–400 zone, which previously acted as a support band before political risk derailed the rally earlier this year. Failure to clear $350 in the near term would likely trigger consolidation around current levels.
TSLA stock price dynamics (April 2025 - June 2025). Source: TradingView
On the downside, a fall below the $310–315 range would weaken the bullish technical case and could send Tesla back toward its March lows around $286. That level also coincides with the average 12-month analyst target, representing a potential inflection point between short-term recovery and a longer-term bearish continuation. The $300 psychological level will remain a key pivot area; holding above it is crucial for any sustained rally.
Market context, opinions and news
Tesla's recent uptrend is being driven not just by technicals but also by easing political headwinds. Earlier in 2025, investor sentiment was shaken due to CEO Elon Musk's increasing involvement with U.S. political discourse and links to the Trump administration. These developments triggered a sell-off, particularly from ESG-focused funds and international investors wary of political entanglements. However, recent indications show that these fears are subsiding. As institutional investors begin to rotate back into mega-cap tech and autonomous vehicle themes, Tesla has started to benefit from renewed buying.
Recent news flow has also provided tailwinds. Tesla is preparing for the launch of its long-anticipated robotaxi platform in Austin, expected later in 2025. Analysts view this as a key turning point for the company's growth narrative, which has recently been overshadowed by declining EV deliveries. While U.S. May registration data showed a 23% drop year-over-year and Europe posted a 42% decline, the market appears to be looking past these short-term headwinds. Analysts at firms like Cantor Fitzgerald and Wedbush remain constructive, highlighting Tesla’s AI and energy storage businesses as longer-term growth drivers.
Price forecast and scenarios
Base case outlook over the next four to six weeks sees TSLA oscillating between $315 and $350. If the stock clears the $350 resistance level on strong volume, it could extend gains toward $380. The catalyst for such a breakout could include favorable Q2 delivery updates or concrete announcements on the robotaxi rollout.
In a bullish scenario, successful commercialization of autonomous services and stabilization of deliveries could push TSLA toward $400–450 by late Q3 2025. Conversely, if deliveries continue to disappoint or geopolitical risk resurfaces, particularly in relation to China, TSLA may revisit the $286 support zone. Overall, near-term momentum favors the upside, but the $300–315 support band remains pivotal for sustaining the current rally.
Bullish sentiment persists, with Piper Sandler targeting $400 on expectations that the robotaxi launch will boost momentum. CFRA values Tesla at $320, while Morgan Stanley emphasizes its dominance in AI and mobility software.
