Tesla's $316.54 Billion Trading Volume Secures Second Spot Amid Robotaxi Launch and Governance Pressures

On May 29, 2025, Tesla (TSLA) saw a trading volume of $316.54 billion, making it the second-highest traded stock of the day. The company's shares rose by 0.43%.

Tesla is gearing up for a significant milestone with the launch of its Robotaxi platform in Austin, Texas, on June 12. This initiative marks the beginning of what Tesla and some analysts are calling the "golden age of robotaxis." The company has been conducting tests on public roads in Austin, with self-driving Model Y cars operating without a driver in the seat, although a Tesla engineer was present in the passenger seat. The successful testing has been completed a month ahead of the June 30 deadline, indicating a smooth rollout.

Tesla's autonomous driving capabilities are expected to bolster its position as a leader in the field. The initial rollout will be limited to ten vehicles, with riders invited by the company to ensure safety. Elon Musk, Tesla's CEO, has hinted that the service could be available to the public by the end of June, allowing anyone to hail a Robotaxi in Austin. This development is part of Tesla's broader strategy to integrate autonomous driving into its operations, including the potential for self-delivery of vehicles to customers.

In addition to the Robotaxi launch, Tesla is also facing internal pressures. Pension fund leaders with significant investments in Tesla have urged the company's board to mandate that Elon Musk dedicate at least 40 hours per week to Tesla. The investors cited concerns over the company's stock price volatility, declining sales, and reputational issues. They also called for a clear succession plan and limits on directors' external board commitments to strengthen governance. This comes as Tesla navigates stock volatility and reputational challenges, with the board facing pressure to align Musk's leadership with the company's long-term stability.