Tesla Shares Climb Ahead of Robotaxi Event as Musk-Trump Tensions Ease

Tesla shares opened higher Tuesday morning, continuing their rebound as investors shift focus to the company’s highly anticipated Robotaxi unveiling, scheduled for Thursday, June 12, in Austin, Texas. The move comes after a tumultuous week marked by a sharp selloff tied to a public spat between CEO Elon Musk and President Donald Trump.

As of 9:30 AM ET, Tesla stock was trading at $313.92, up $5.34, or 1.73%, extending a two-day gain of 8% that began late last week. The stock’s recovery appears to reflect renewed optimism surrounding Tesla’s push into autonomous vehicles, despite a year-to-date decline of more than 20%.

The upcoming launch of Tesla’s Robotaxi service is widely seen as a potential game changer for the electric vehicle maker, positioning it at the forefront of the autonomous driving market. Analysts at Wedbush Securities believe the event marks the beginning of what could become a trillion-dollar opportunity for Tesla. “The AI and autonomous opportunity is worth at least $1 trillion alone for Tesla,” wrote analysts Daniel Ives and Sam Brandeis in a June 9 note, adding that the market may soon begin to unlock that valuation as the company deploys its autonomous strategy in 20 to 25 U.S. cities over the coming year.

The rollout comes as tensions between Musk and Trump appear to be cooling. The feud began last week when Musk publicly criticized Trump’s taxation and spending legislation. Trump responded by accusing Musk of opposing the bill to protect his own business interests. The spat sent Tesla shares tumbling nearly 15% on Thursday, erasing over $150 billion in market value in a single day.

Wedbush, however, downplayed the long-term impact of the dispute, suggesting that both sides may quietly reconcile. “Trump needs Musk to stay close to the Republican party and Musk needs Trump…for a federal framework for autonomous,” Ives and Brandeis noted. They added that a Trump-led White House is likely to expedite regulatory pathways for autonomous vehicle initiatives despite the recent tensions.

Tesla’s stock rebound suggests that investors are increasingly focused on the company’s product innovation and long-term prospects rather than the political drama. With Musk expected to unveil more details about the robotaxi program this Thursday, investor attention remains locked on whether Tesla can convert its technological lead into commercial dominance in the self-driving car space.

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