Tesla shares seems just like a sci-fi hero, flashy, contentious, cutting-edge, and just when you figure it’s out for good, it blasts off into the sky. Whether or not you’re a devoted Tesla fan, it can’t be argued that the company excels at commanding attention. Now, with a possible self-driving fleet looming and supply chain tightly in Tesla’s control, investors are again buckling up for what could be another high-voltage journey.

Tesla keeps riding high on bullish momentum, with the stock rising to $344.27 on June 4, up 0.5% over 24 hours and almost 58% from April lows. Technical momentum, combined with investor excitement around the forthcoming robotaxi launch, and strategic efforts towards the supply chain self-reliance, is stimulating new confidence in the stock.

Recovery from April Lows

Tesla’s rebound from its low of $221.86 in April has been nothing less than spectacular, with the stock rising by more than 50% in just a little over two months. The rally finds support in technical indicators that continue to be well placed in bullish territory. The 50-day moving average is all set at $288.54, and the 200-day moving average is at $302.39. The Relative Strength Index (RSI) stands at 60.85, closing in on overbought levels but continuing to indicate on the upside. The MACD has been displaying a robust bullish crossover as well.

From a chart point of view, resistance levels are at $367.91 (R1) and $376.72 (R2). On the lower side, the support point is at $339.94 (S1) and $333.42 (S2). A break above $380, particularly on high volume, could initiate the move to the $400 level.

Anticipated Robotaxi Launch & Tesla’s AI-First Shift

Tesla’s highly anticipated robotaxi event on June 12 in Austin, Texas, is shaping up to be the biggest catalyst of the year. The automaker is poised to release a completely autonomous ride-hailing car, which could be the foundation of its future mobility-as-a-service (MaaS) business. CEO Elon Musk’s ambitious plan to transform Tesla into an AI-first car and robotics company is acquiring legitimacy among analysts. Piper Sandler and Morgan Stanley have both reaffirmed bullish price targets of $400 and $410, respectively.

They have made the decision on the basis of Tesla’s strong full self-driving (FSD) software stack, an extensive vertical integration, and an upside potential for high-margin. If it succeeds, Tesla’s robotaxi program might transform city transportation and open SaaS-like profits, something no conventional automaker has been able to do yet.

Strategic Supply Chain

Tesla is also building its manufacturing autonomy. It is increasing production of its 4680 battery cells and building its own lithium refining services, all to decrease reliance on Chinese supply chains and product price volatility. This value chain strategy is especially vital as Tesla attempts to accelerate deliveries of the Cybertruck and other next-generation models. Through controlling more of the value chain, Tesla can manage cost, quality, and delivery speed, which will gain a decisive advantage over rivals that are grappling with bottlenecks and geopolitics.

Execution Risks

With the robust technical setup and bullish disposition towards future events, Tesla stock is likely to make a near-term leap towards the range of $370–$380. At about 180x estimated 2025 earnings, Tesla is priced to perfection, with minimal margin for mistake. Moreover, the robotaxi launch is accompanied by implementation threats such as regulatory hurdles, technological setbacks, and safety validation. Any mistake here could result in aggressive profit-taking, particularly with momentum traders targeting the exit.

European Sales Decline

Regardless of the U.S optimism, Tesla faces some trouble outside the U.S. As per the industry data, May sales in Europe declined more than 50% in major markets like France, Portugal, Sweden, and Denmark. The firm’s market share in Europe slid to 0.7% in April 2025, threatening its competitiveness on the global stage as more EV players start to gain ground like BYD and Hyundai.

Watchful Excitement for Tesla

Tesla’s ongoing rally is driven by vision and actual progress. The robotaxi unveiling and control of the supply chain are game-changers in the making. With stretched valuation ratios and growing international headwinds, this bullish ride may encounter speed bumps. Investors must approach with enthusiasm along with attentiveness as Tesla tackles the next wave in mobility. Tesla has consistently tiptoed along the thin line of genius and reckless overreach. Tesla’s deliberate moves toward complete autonomy and supply chain independence looks less like a bet and more like a designed strategy.

The robotaxi story isn’t so much about sleek new gadgetry, it’s about Tesla’s transition into a mobility platform, the fusion of hardware, software, and AI that traditional automakers can’t match in short order. Even so, it would be foolish to overlook the firm’s fragile valuation or the geopolitical strife looming over EV demand. Tesla may snap above $370 in the near term, but the true test isn’t a product release or a battery milestone, it’s whether Tesla can translate all this innovation buzz into scalable, profitable, and repeatable business facts.