Tesla Surges 4.55% to Top Trading Volume Ranking Ahead of Robotaxi Test

On June 9, 2025, Tesla (TSLA) saw a significant surge, rising by 4.55% and marking its second consecutive day of gains, with a total increase of 8.39% over the past two days. The company's trading volume reached 401.89 billion, making it the top performer in the stock market for the day.

Tesla's stock price has been volatile recently, with analysts and investors closely watching the upcoming robotaxi test, which is expected to commence this week. This test is seen as a critical milestone for the company, as it could significantly impact its future growth and market position.

Analysts have mixed opinions on Tesla's stock. Baird analyst Ben Karrow downgraded Tesla shares from a buy to a hold rating, citing high expectations for the robotaxi launch. This downgrade reflects the market's cautious stance as it awaits the outcome of the robotaxi test.

Despite the mixed sentiments, Tesla's stock has shown resilience, reversing higher as the robotaxi test approaches. This positive movement indicates that investors are optimistic about the potential of Tesla's robotaxi technology and its impact on the company's future performance.

Tesla's upcoming robotaxi rollout on June 12 is another key event that investors are focusing on. The successful implementation of this technology could further solidify Tesla's position as a leader in the automotive industry and drive its stock price higher.