Tesla TSLA Soars 3.03% on Robotaxi Trials, Trump Feud Eases

On June 11, 2025, Tesla's stock rose by 3.03% in pre-market trading, reflecting a positive market sentiment towards the company's recent developments and strategic moves.

Tesla's stock has been influenced by several key factors recently. One significant development is the announcement by CEO Elon Musk that the company's autonomous driving service, Robotaxi, will begin trial operations on June 22. This move is seen as a major step forward in Tesla's autonomous driving technology, which has been a key focus for the company. The trial will initially involve a small fleet of 10 to 20 Model Y vehicles equipped with the latest FSD (Full Self-Driving) technology, marking a significant milestone in the company's journey towards fully autonomous vehicles.

Another factor contributing to the stock's performance is the recent cooling of tensions between Musk and former U.S. President Donald Trump. The two had engaged in a public feud that led to a significant drop in Tesla's stock price. However, Musk's recent apology for his comments and Trump's conciliatory remarks have helped to ease the situation, providing a boost to investor confidence.

Tesla's ongoing advancements in autonomous driving technology are also a key driver of its stock performance. The company has been continuously improving its FSD system, with the latest version featuring enhanced capabilities and improved safety measures. This progress is seen as a positive indicator of Tesla's long-term growth potential, particularly in the autonomous driving sector.