Robotaxi Rollout Helps Tesla Shares Climb

Published on 06/23/25 5:21 PM

Tesla is enjoying one of its best days on Wall Street, as the quiet but steady rollout of its Robotaxi program appears to be progressing smoothly. Investors are becoming increasingly optimistic that Tesla’s autonomous vehicle service could soon compete with industry leaders like Waymo and other rideshare companies in major cities.

CEO Elon Musk—whose influence often drives Tesla’s market momentum—has been actively sharing videos and tweets highlighting passengers' first-time experiences with the Robotaxi. After years of delays and ambitious promises, Musk now has reason to celebrate. So far, no accidents have been reported. Most of the Robotaxis currently operating in Austin include company-assigned assistants in the passenger seat to ensure a smooth experience for riders.

Musk’s return to focus on Tesla comes after months spent assisting the new U.S. administration with a controversial cost-cutting initiative known as “DOGE.” His involvement in national politics, especially his affiliation with former President Donald Trump, had led to backlash—including consumer boycotts in both the U.S. and Europe. The shift back to Tesla operations may reflect his realization that political distractions were hurting the brand.

By the end of the trading session, Tesla stock was up nearly 8%—a welcome boost for shareholders who had grown concerned that Musk’s political activity was turning away customers. Now, with renewed excitement around Tesla’s entry into the rideshare space, both investors and future passengers have reason to feel energized about what’s next.