From Nasdaq: 2025-06-09 13:27:00

Tesla’s (NASDAQ: TSLA) stock dropped 15% last week and fell further today ahead of its robotaxi launch in Austin, Texas. The launch date is rumored to be June 12. Analysts anticipate disappointment at the event, leading to a 4.5% drop in shares early Monday.

Baird analyst downgraded Tesla stock due to high expectations for the robotaxi launch and Elon Musk’s recent public feud with President Trump. Musk believes Tesla’s value should be based on its self-driving technology. Expectations have boosted the stock by over 12% in the last month.

Tesla’s robotics head, Milan Kovac, is leaving the company. Kovac, in charge of the Optimus humanoid robotics segment, started in 2016 and reported to Musk. His departure adds uncertainty for investors, as Optimus is a key catalyst. All eyes are now on the upcoming robotaxi news.



Read more at Nasdaq: Why Tesla Stock Was Slumping Again Today