Tesla shares opened near $382.61 on October 12 and traded lower to close around $378–379, reflecting profit-taking after a 2.05% gain to $382.70 the prior session. Positive Q3 deliveries of 486,532 vehicles, which exceeded consensus, and Jefferies’ upgrade of its price target to $400 continue to support sentiment, while NHTSA scrutiny of Cybercab robotaxis for alleged speeding incidents and heavy 2026 capex above $25 billion weigh on near-term multiples. Traders are also positioning ahead of the October 21 earnings release, with the stock oscillating between its 50- and 200-day moving averages and facing resistance near $400.