Bullish Wave or Bubble? Wall Street Targets & Tesla’s Robotaxi Catalyst
Introduction: Tesla (TSLA) has been on a rollercoaster ride recently. After plunging about 25% year-to-date on concerns over competition and public controversies, Tesla has drawn renewed attention from Wall Street. In early June, several major firms reiterated or upgraded Tesla to a bullish stance, citing anticipation around the upcoming robotaxi launch. The shift in sentiment may be signaling a rebound opportunity for short-term traders.
Bullish Sentiment from Wall Street
Analysts remain confident, citing Tesla’s diverse portfolio of ventures – including AI, autonomous driving, and battery storage – as positioning the company at the forefront of next-generation technologies. Some analysts kept their price targets near $400, arguing that Tesla's long-term outlook remains strong despite short-term volatility. The recent market dip was partly attributed to public controversies, but many analysts see it as a temporary overreaction.
Others argue that the forthcoming robotaxi service is a major catalyst that could alter Tesla’s business model. They believe Tesla remains a disruptive force in both the EV and autonomous driving markets. In short, Tesla's fundamentals, product pipeline, and AI/data-driven edge outweigh the noise for bullish analysts.
The Robotaxi Reveal and Autonomy Race
Tesla's robotaxi plans are critical. Elon Musk has confirmed a paid robotaxi service launch in Austin by the end of June. The initial fleet will be small, but the aim is to scale quickly. This marks a pivotal test for Tesla’s autonomous capabilities, potentially unlocking a major revenue stream.
A successful robotaxi rollout would demonstrate Tesla’s real-world Full Self-Driving (FSD) performance and put the company in a leadership position in autonomy. While rivals like Waymo and Cruise are active in this space, Tesla has the production scale and data advantage that few can match. The market for autonomous ride-hailing is projected to grow substantially, and Tesla could capture a meaningful share if execution is successful.
Political Headlines and Volatility
Tesla’s stock has also been impacted by political news and Elon Musk’s public profile. Social media controversies have at times caused sharp declines. Despite this, many investors and analysts argue that the core business remains solid and the robotaxi reveal may shift the focus back to fundamentals.
Political noise can amplify price swings, but traders should prioritize company news and execution updates. For instance, progress on robotaxi deployment or new FSD features will likely have a more lasting impact on the stock than social media headlines.
Technical Snapshot: Chart Patterns and Levels
Tesla closed at $308.58 on June 9, 2025, slightly below its 100-day moving average and just above its 200-day moving average. The 50-day moving average is near $292. The RSI is around 42, suggesting the stock is neither overbought nor oversold.
Pivot point analysis shows $294 as a key support level, while resistance is near $315. These levels align with previous bounce and rejection points. A move above $315 could confirm a bullish trend, while a drop below $294 might suggest further downside. Until then, Tesla may consolidate in this $295–$315 range.
Short-Term Options Trading Ideas
Here are three options strategies based on Tesla’s current setup and upcoming catalysts:
1. Bullish Idea – Bull Put Spread (Credit Spread) Sell 1 July 19 TSLA $290 put, buy 1 TSLA $280 put. Tesla is trading around $308, and this spread profits if the stock stays above $290. Max gain is the premium collected; max loss is the spread width minus credit. With strong support near $294, this strategy has a high chance of success.
2. Bearish Idea – Bear Call Spread (Credit Spread) Sell 1 July 19 TSLA $325 call, buy 1 TSLA $335 call. This trade profits if Tesla remains below $325. It offers a defined risk and takes advantage of resistance near $315. Unless Tesla breaks out decisively, the call side is unlikely to be tested.
3. Neutral Idea – Iron Condor Sell 1 TSLA $295 put, buy 1 TSLA $285 put; Sell 1 TSLA $315 call, buy 1 TSLA $325 call. This trade profits if Tesla stays between $295 and $315. It collects premium on both sides and has limited risk. Ideal for a range-bound scenario if the robotaxi event lacks major surprises.
Conclusion
Tesla is at a critical juncture. Analysts have turned more bullish, driven by optimism around the robotaxi launch and Tesla’s innovation in autonomy and AI. Political noise and market volatility remain, but the fundamentals are attracting renewed interest.
The next few weeks could be pivotal for Tesla’s short-term trajectory. Whether you're bullish, bearish, or neutral, the above options strategies provide defined-risk opportunities aligned with the stock’s technical and narrative setup. Keep an eye on key support and resistance levels, and stay ready for fast-moving developments around the robotaxi reveal.
As always, DYODD (Do Your Own Due Diligence) and risk management > prediction. Trade smart, stay adaptable, and don’t let emotions chase candles.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
