Workflow
Tesla stock jumps as Musk apologizes to Trump
TeslaTesla(US:TSLA) Finboldยท2025-06-11 09:25

Core Viewpoint - Tesla's stock is experiencing a positive trend, influenced by Elon Musk's public apology to President Trump and the anticipated launch of its autonomous vehicle fleet on June 22 [1] Group 1: Stock Performance - Tesla stock is currently trading at $334.67, reflecting an increase of $8.58 from the previous close of $326.09 [2] - The stock saw a significant jump of 5.67% after being officially listed as an autonomous vehicle operator in Austin, Texas [4] - Despite recent gains, Tesla's stock is down 14% year-to-date due to challenges in the electric vehicle market, project delays, and political controversies [6] Group 2: Autonomous Vehicle Developments - The launch of Tesla's autonomous vehicle service is expected to begin around June 22, although safety concerns may delay this timeline [4][6] - Tesla's listing as an autonomous vehicle operator places it alongside competitors like Waymo, but Tesla's units are significantly cheaper, costing around $30,000 compared to Waymo's $150,000 to $200,000 [5] Group 3: Market Sentiment and Challenges - Investors are hopeful that the upcoming robotaxi launch could revitalize Tesla's growth prospects [6] - There remains skepticism regarding safety, regulatory issues, and public sentiment towards autonomous technology and Elon Musk [6]