Tesla's $48.59 Billion Trading Volume Leads the Day Despite 44.45% Decline

On June 6, 2025, Tesla's trading volume reached $48.59 billion, marking a 44.45% decrease from the previous day. Despite this, Tesla's stock price rose by 3.67%, making it the most traded stock of the day.

Retail investors took advantage of the volatility caused by the public feud between President Trump and Elon Musk, scooping up a net $201.3 million worth of Tesla stock on Thursday. This move came after a significant decline in Tesla's market value, which was estimated to be over $150 billion due to the escalating tensions between the two figures.

The recent de-escalation of tensions between Musk and Trump contributed to a surge in Tesla's stock price. Musk's decision to retreat from his earlier threat to decommission the Dragon spacecraft, following Trump's hints at halting federal contracts and subsidies for Musk's businesses, played a crucial role in stabilizing investor confidence.

Tesla's shares have been extremely volatile, with 132 moves greater than 2.5% over the last year. The recent surge in Tesla's stock price, following a 40% rally after the Q1 2025 selloff, suggests that short-term buying interest may have exhausted. Investors are now waiting for more concrete updates on Tesla's highly anticipated product updates scheduled for later this year, which are critical for improving Tesla's growth story.

Contributing to the pullback, a widely circulated report resurfaced concerns about the safety of Tesla's driver-assistance technology, highlighting a fatal 2023 crash. This timing is especially sensitive as Tesla prepares to unveil its AI-powered robo-taxi service in Austin later in the month, a launch that risks being overshadowed by renewed scrutiny and could shake investor confidence in the company's autonomous driving ambitions.