Tesla's Trading Volume Drops to $276.20 Billion, Second in Daily Ranking

On June 2, 2025, Tesla's trading volume reached $276.20 billion, marking a 36.55% decrease from the previous day. The company's stock price fell by 1.09%, marking the second consecutive day of decline, with a total decrease of 4.39% over the past two days.

Tesla's stock has been under pressure due to a variety of factors, including a 9% year-over-year decline in total revenue for the recent quarter, which amounted to $19.3 billion. Additionally, earnings per share plummeted by 40% to $0.27, falling short of the $0.41 consensus forecast. This earnings miss was primarily driven by higher input costs and other operational challenges.

Investor sentiment has also been impacted by CEO Elon Musk's political activities and his association with controversial figures. Musk's involvement with the Department of Government Efficiency (DOGE) and his open embrace of global right-wing leaders have negatively affected investor confidence, with some surveys indicating that his politics are hurting Tesla's sales.

Tesla's delivery growth has also been a concern, with deliveries falling to a multi-quarter low in Q1 2025. This slowdown was partially due to the Model Y refresh, which prompted some drivers to hold back on new purchases. Registration data points to a continued slowdown in Europe, with significant declines in markets like France, Sweden, Denmark, Spain, and Portugal. The Chinese market is also becoming increasingly challenging, with retail sales down 23% year-over-year in the first eight months of Q2.

Despite these challenges, Tesla is set to launch its robotaxi service in Austin this month, with the launch date reportedly set for June 12. This event is expected to be a key driver for the company as it seeks to highlight growth in other businesses like autonomous driving and robotics. However, analysts advise keeping expectations low for the event, focusing instead on the continued stream of updates on the performance and growth of the network in the days and weeks that follow.