Why Shares of Tesla Soared Today
From Nasdaq: 2025-06-10 16:15:00
Shares of Tesla (NASDAQ: TSLA) surged 5.7% today as Elon Musk’s feud with Trump seemed to calm. Musk left his government role, leading to tension with Trump and a 14% stock drop. However, Trump reassured SpaceX contracts won’t be canceled. Tesla’s robotaxi service is set to launch in Austin, Texas.
Tesla’s robotaxi launch in Austin is highly anticipated, with hopes of successful implementation and revenue generation. Despite Tesla’s high valuation and struggles in the EV business, investors await the impact of the robotaxis. Analysts caution on Tesla’s riskiness, advising caution amidst uncertainties in the EV market.
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