Tesla tops trading volume with $337.38 billion as Elon Musk unveils robotaxi launch

On June 12, 2025, Tesla (TSLA) experienced a trading volume of $337.38 billion, making it the top-traded stock of the day. The company's shares fell by 2.24%.

Tesla's CEO, Elon Musk, has announced that the company's robotaxi service is tentatively scheduled to launch on June 22 in Austin, Texas. This autonomous ride-hailing service is part of Tesla's broader strategy to advance its autonomous driving technology. Musk also revealed that Tesla vehicles will begin driving themselves starting June 28, marking a significant milestone in the company's journey towards full autonomy.

Musk's announcement has generated considerable excitement among investors and industry observers, as the robotaxi service represents a major step forward in Tesla's efforts to revolutionize transportation. The service is expected to compete directly with other autonomous ride-hailing services, such as Alphabet's Waymo, and could potentially disrupt the traditional taxi and ride-sharing industries.

However, the launch of the robotaxi service is not without its challenges. Tesla has faced criticism and regulatory scrutiny over its autonomous driving technology, and the company will need to navigate these issues as it rolls out the new service. Despite these challenges, Musk's announcement has been met with optimism, and many investors are eager to see how the robotaxi service will perform in the coming months.