Tesla shares edged higher Tuesday, climbing 0.65% to $414.53, as investors looked ahead to the electric automaker's pivotal second-quarter delivery report amid renewed optimism from Wall Street about a potential rebound in European and Chinese sales.

The modest gain comes after a volatile stretch for the stock, which has swung considerably in recent sessions as markets weighed Tesla's near-term delivery trajectory against the longer-term narrative built around the company's autonomous driving and robotics ambitions. Shares closed Monday at $409.09, down 0.67% on the day, after trading in a range between $379.30 and $413.27 during the session, reflecting the kind of intraday volatility that has become characteristic of the stock in recent weeks.

The most significant catalyst shaping sentiment heading into Tuesday's session was a delivery forecast upgrade from Morgan Stanley, which raised its projection for Tesla's second-quarter vehicle deliveries above the broader Wall Street consensus, citing signs of a rebound in sales across both Europe and China. The upgrade offers a notable counterpoint to concerns that have lingered over Tesla's delivery trends for much of the year, with the upcoming Q2 delivery report widely viewed by analysts as a critical data point that could either reinforce confidence in a recovery or signal continued challenges with inventory management across key international markets.

Tesla has also continued to expand its presence in markets tied to its advanced driver-assistance technology. The company is working to broaden its reach in Europe, where a growing number of countries have moved to approve Tesla's Full Self-Driving, supervised, technology for........

© International Business Times