Tesla Stock Daily Drive

## Tesla Stock Surges on Robotaxi Launch

**Austin, Texas – June 23, 2025** – Tesla Inc. (TSLA) shares experienced a significant surge on Monday, June 23, 2025, following the launch of its highly anticipated robotaxi service in Austin, Texas. The electric vehicle giant's stock jumped as much as 11% in intraday trading on Wall Street.

The rollout, which began on Sunday, June 22, features a limited number of Model Y vehicles operating autonomously in a specific area of Austin. While a Tesla employee is currently present in the passenger seat for monitoring purposes, the vehicles are operating without anyone in the driver's seat. CEO Elon Musk has indicated plans for rapid expansion to more cities and a larger fleet by the end of next year. Users who experienced the service reported a flat fee of $4.20 per ride.

This development was a key driver for the stock's performance, logging it as the top performer in the S&P 500 for the day. Tesla shares closed at $352.18, a rise of 9.32%. Some sources reported the stock trading around $348.68 or $349 during the day, an increase of over 8%. This surge contributed to a significant increase in Elon Musk's wealth, reportedly by $12 billion.

Analysts like Dan Ives of Wedbush have suggested that the robotaxi business and self-driving software could potentially double Tesla's market capitalization by the end of 2026. As of June 23, 2025, Tesla's market capitalization stood at $1.127 trillion.

Despite this positive momentum, Tesla's stock is still down approximately 7.9% year-to-date. Looking at a broader timeframe, the stock has provided over 91% returns in the last year and more than 446% over the past five years. The 52-week high for the stock was $488.54, with a low of $182.

It's worth noting some conflicting information regarding the closing price, with one source stating a closing time price of $322.16 and an opening price of $327.95 for June 23, 2025. However, multiple other sources corroborate a significant jump and a closing price in the $350 range.

The launch of the robotaxi service is seen as a pivotal moment for Tesla as it ventures further into autonomous vehicle technology. However, the company faces increasing competition in the EV market from traditional automakers and new entrants, which could impact sales growth and profit margins. For the first quarter of fiscal year 2025 (ending March 31, 2025), Tesla reported a 9% year-over-year decrease in total revenue and a 70.58% year-over-year decline in profit after tax.

**Broader Market Context:**

On June 23, 2025, the broader U.S. stock market also saw gains. The S&P 500 advanced by approximately 1%, while the Dow and Nasdaq gained roughly 0.9%. This positive market sentiment occurred as investors assessed the potential impact of U.S. airstrikes on Iranian nuclear facilities and Iran's subsequent reported missile launch at a U.S. airbase in Qatar.

**Economic Indicators:**

Several economic indicators were also in focus around this time. Reports indicated a sharp slowdown anticipated for the US economy in 2025, with an average annual growth rate projected to lower to +1.7%, partly due to uncertainty and tariff shocks. Inflation was expected to rise, potentially reaching +3.5% year-over-year in the second quarter of 2026, leading to expectations that the Federal Reserve would maintain its current target range for Fed Funds throughout 2025. Retail sales data for May showed a contraction, particularly in auto sales. The Federal Reserve, in its recent meeting, kept the fed funds rate steady and did not change its rate forecast for the remainder of 2025, though it revised its growth forecast lower and inflation forecast higher. Globally, China's economic growth is expected to slow to below 5% in 2025.

**Sources:**
1. [investopedia.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQEJJYlnr0BeLyFjZ-fLWWn0nrNLhvb-Lh6iiIV5KpVwKjAg3tpxxfmeki6Mvlvkt2dapUkQrvGfGIbjIgunXgXPDeYyR0Sb4KQkyDlRQjouBHTaf26E2x9l62UWGQpB1uCh0D2YKgoVRibULq9jNt07iu1trRyJQS3-0NOykzUHZLGqKmIEj1sFEe_7UbPVe-CxGXRDPBX-VWbLerkVHbyL9cKjl3yQmbMePyDVrw==)
2. [investopedia.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQE8r8Gqq6IjzuE3buMEsoLq5mlb9eyLAAvgmaZDAJvsP65KyCd0fBrJxJZwFY3hxcXcLId6G3OflMnQdSPCSwcRPMcoKCNbn2NjPktJ1rFNeIINBv3rslG2mj9gVWnqI4dN9LLx9QfDsSzxM737k7Sy9_qPr6JP3SpF4prW5rSdxqm2OwTn6U6kIWgVXq1YD_VeSuYb)
3. [livemint.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQHEGxX6IySkzdq1GHHoClxTA0Gxa80z_E8ZnudOClXImBWnr79PJdpKvAoOa_4BxqkQwtdTHTBhjJaQe41rGKu4gs8O0pAfY2fC9-hVIXYlQg-yyH7WZbmeINge7Cqa65-zhMn6SlY-LKICUheh6g2JFSi5sa9banwRIAEsqrC0pkCBUgtY00kzoAOLH9G-5qYixen9esJ7C7dUwCBn8o21d8pdIyi868Du1qkpefM74epaSNcCnq7hYnawJBOt1Yr4yhtApwhq7N23PX3ppb9rmso68iL-ots=)
4. [macroaxis.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQHGlCwtDuxO3p7MhSJqPkyxrhqMd3HqbzO5d2CW8kcBP3Z9qsyivZlWVyW8-TT9MPy5I3hl7n4Dgf3juy59uS-WSqO9kmNHx0D8BsNtf2MB0u_FfUey36e8c925VFiGOZDh4gYSxODCPkuGqvOAnicdWXEFDG7XKUhasn1zDzPRPHZkK4xLTumvUg==)
5. [indmoney.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQEg2yFnAKjHFCRWMCwDF3QIu07sljJExqRApd81zhaGz6ghu2S5Mp5HON7a7dDuSK9u9HzzNh7Hxgxzf27bzm_vjUbSnOJFxlRnb3U2VqG0haUSuFTa94OtAJt4JKS5_cZxHMPTpq5FG9B9mGQYKtTyMbSpNpdjxEk=)