Tesla shares rise 1.01% in premarket after announcing AI-driven autonomous taxi service and government support for Model 3 and Model Y.
AinvestWednesday, Jun 4, 2025 4:40 am ET
1min readTesla, Inc. surged 1.01% in premarket trading, as the company is set to launch AI-trained autonomous ride-hailing service in June, which is seen as an event of similar importance to the 2017 Model 3 and 2020 Model Y releases, potentially driving sales and profit growth. Additionally, the Ministry of Industry and Information Technology and four other departments released a list of new energy vehicle models for rural areas in 2025, including Tesla's Model 3 and Model Y, indicating government support for Tesla's products. Furthermore, the recent rebound in the U.S. stock market has seen Tesla's stock price rise over 20% in May, contributing to the rise in the S&P 500 index along with other large tech stocks.
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