Tesla tops trading volume with $34.347 billion as Musk reveals domestic battery strategy and China exit plans

On June 3, 2025, Tesla (TSLA) saw a trading volume of $34.347 billion, making it the top-traded stock of the day. The company's shares rose by 0.46%.

Tesla CEO Elon Musk recently detailed the company's strategy for domestic battery production. Musk emphasized Tesla's commitment to building batteries from start to finish within the United States, aiming to reduce reliance on external suppliers and enhance domestic production capabilities.

Tesla is reportedly planning to exit the Chinese market, focusing instead on in-house battery production. This strategic shift could significantly impact the company's global operations and supply chain dynamics, as China has been a crucial market for Tesla's growth.

Tesla's decision to exit China and focus on in-house battery production is part of a broader strategy to reduce dependence on external suppliers and enhance domestic production capabilities. This move could have significant implications for the company's global operations and supply chain dynamics, as China has been a crucial market for Tesla's growth.