Tesla's Trading Volume Drops 24.73% to $323.65 Billion, Ranks Second in Market

On May 28, 2025, Tesla's trading volume reached $323.65 billion, a 24.73% decrease from the previous day, ranking second in the day's stock market. Tesla's stock price fell by 1.65%.

Cantor Fitzgerald analyst Andres Sheppard reiterated an "Overweight" rating on Tesla, setting a price target of $355.00. Sheppard's optimism is driven by Tesla's plan to launch fully autonomous robotaxis in June, starting with its fleet in Austin by the end of the month. The initial phase will include Model Y vehicles equipped with Full Self-Driving (FSD) technology, with broader expansion anticipated by year-end.

Tesla's FSD technology, or Tesla Vision, utilizes advanced AI and machine learning to interpret the world through cameras alone, without relying on LiDAR or radar. This technology has already logged over 3.5 billion supervised miles in the first quarter of 2025. Despite near-term headwinds due to macroeconomic conditions, tariffs, and the removal of the EV tax credit, the firm remains optimistic about Tesla's market prospects.

Tesla CEO Elon Musk has committed to spending more time on the company as he prepares to leave his leading role at DOGE, the Department of Government Efficiency. Other catalysts highlighted for Tesla include the FSD rollout in China, which began in the first quarter of 2025, and the anticipated deployment of FSD in Europe in the first half of 2025, pending regulatory approval.

Optimus Bot is poised for high-volume production in 2026, while the company also plans to introduce the Semi Truck, likely to begin production in 2026. The firm is optimistic about Tesla's long-term prospects, believing that the company will secure a significant share of the self-driving market in the U.S. and reap substantial revenue from FSD, Robotaxi, Energy Storage & Deployment, and Optimus Bot initiatives.