Tesla Stock Soars 5.67% on Robotaxi Hype Topping 476.60 Billion in Trading Volume

On June 10, 2025, Tesla (TSLA) saw a significant surge in its stock price, rising by 5.67% and marking its third consecutive day of gains, with a total increase of 14.54% over the past three days. The company's trading volume reached 476.60 billion, making it the top performer in the day's stock market activity.

Tesla and its CEO, Elon Musk, recently hinted at the imminent launch of their robotaxi service through social media posts. Videos circulating on X showed Tesla Model Y vehicles driving autonomously around Austin, Texas, fueling speculation about the service's launch. Musk has indicated that there will be about 10 robotaxi Model Ys in the first week, with the potential for 1,000 units in a few months.

Tesla's stock has been on an upward trajectory as investors eagerly await the robotaxi service, which is set to begin testing on June 12 in Austin, Texas. The anticipation around this launch has been a significant driver of the company's recent stock performance. However, some analysts have expressed concerns about the heightened expectations and the uncertainty surrounding CEO Elon Musk's role in the company's future.

Despite these concerns, the potential of the robotaxi service and other innovative projects like Optimus has investors optimistic about Tesla's future. The company's current valuation is heavily dependent on the success of these ventures, which could potentially turn into trillion-dollar wins. The upcoming robotaxi launch is seen as a critical milestone for Tesla, and its success could further boost the company's stock price.