Tesla stock price now forecast benefits from a recent analyst upgrade

Tesla stock price now forecast benefits from a recent analyst upgrade citing production scalability. Shares remained resilient at $194 despite intraday market choppiness. Bullish MACD divergence suggests that momentum may extend into the next earnings cycle. Tesla reported second-quarter results that showcased near-term headwinds and ambitious plans. The EV maker launched its robotaxi service in Austin, offering fully autonomous rides, a key milestone despite operating with just a handful of vehicles. CEO Elon Musk announced plans to dramatically expand the service area within weeks, aiming to reach half of the U.S. population by year-end, pending regulatory approvals. The company also intends to begin external sales of its Optimus humanoid robot, with progress on this initiative likely to influence sentiment as investors weigh both risks and opportunities. Institutional buying activity has increased by 4% week-over-week, hinting at accumulation ahead of earnings. Options market data shows elevated call volume on $200 strike.