Tesla Dips Despite AI Taxi Hype & Model 3 Boost

Tesla, Inc. fell 1.49% intraday as the company prepares to launch AI-trained autonomous ride-hailing service in June, a move seen as significant as the 2017 Model 3 and 2020 Model Y releases, potentially driving sales and profit growth. Additionally, the Ministry of Industry and Information Technology and four other departments released a list of new energy vehicle models for rural areas in 2025, including Tesla's Model 3 and Model Y, indicating government support for Tesla's products. Meanwhile, the recent rebound in the U.S. stock market has seen Tesla's stock price rise over 20% in May, contributing to the rise in the S&P 500 index along with other major tech stocks.