Tesla Stock Hit Hard Right before Robotaxi Launch

Tesla is about to launch its robotaxi service but their stock numbers are not showing investors excited about it.

Written by: Timothy St. John • Thursday, June 5, 2025 • 2 min read

• Last updated: Thursday, June 5, 2025

Robot taxis are coming in June from Tesla, but their stock shows now excitement.

Quick overview

Tesla's stock has declined nearly 4% as of Thursday, marking three consecutive days of losses.
The company is set to launch its robot taxi service in Austin, Texas, with plans to expand to more cities if successful.
Declining vehicle sales in Europe and a lack of new vehicle releases are contributing to the stock's downturn.
Tesla's stock has fallen about 16% since the beginning of 2025, raising concerns about the company's growth prospects.

As trading opened on Thursday, Tesla’s (TSLA) stock had slipped another 3.97% from the previous day, marking three days of decline for the company’s shares.

Tesla is going to launch its new robotaxi service in Texas soon.

Tesla is preparing to launch its robot taxi service in Austin, Texas with 10 vehicles. If this launch happens smoothly, the company will add a number of other cities and thousands more vehicles. However, on the cusp of this very important launch for the company, Tesla stock is diving, down nearly 4% compared to the previous day.

What Is Driving Tesla Stock So Low?

There have been reports for the last few days of declining sales for Tesla vehicles in Europe and greatly reduced vehicle products at Tesla factories. It looks like not nearly as many people are buying this company’s cars as there were last year or the year before.

The reason for the decline is partly because Tesla has released no new vehicle since 2023’s Cybertruck and partly because the company’s CEO Elon Musk has become so political over the last year.

Tesla stock may continue to stay low until their taxi service launches, but if that launch does not go well, then the company will struggle to make back lost ground. They need their robotaxi rollout to happen smoothly, with few to no accidents and a high level of accuracy in pickups and drop-offs. Tesla has been testing driverless vehicles for a while now, so they may be prepared for this new service to release without a hitch.

Tesla’s Year in Review

Since the start of 2025, Tesla sales have greatly dwindled. Even though the company produced 362,000 vehicles in May and delivered 336,000, Tesla sales were down 45% for England. It is not enough for the company to sell thousands of vehicles. They also have to show that they are growing in some measure, and the numbers do not indicate that at all.

Tesla stock has fallen about 16% since the start of the year. Although the company managed to come out of its April slump, the stock is still low compared to its 2025 start and looks to stay low for now. With Musk back at the helm of his company and all but out at DOGE, he may be able to right the ship, but so far we have not seen that happen.

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ABOUT THE AUTHOR See More

Timothy St. John

Financial Writer - European & US Desks

Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.