Tesla Closes Q2 at $420.60, Awaits July 7 Austin Scaling News

Tesla shares ended the second quarter at $420.60, down 6% year-to-date, as investors await Lars Moravy’s July 7 update on Austin production scaling. The period featured a sharp June 29 rally of 8% after NHTSA closed its steering probe on 376,241 vehicles and FSD v14 Lite began rolling out to Hardware 3 owners. Analysts raised Q2 delivery forecasts to 413,000-418,000 units while TD Cowen reaffirmed its $490 target. Retail interest remained strong, with a Benzinga poll showing 73% of respondents had owned TSLA shares. The stock continues to trade at elevated multiples amid focus on robotaxi and Optimus milestones.