Tesla Stock Remains High after Robotaxi Launch Date Moves

Tesla stock is holding tightly today to its gains for the week, marking an improvement compared to recent weeks.

Written by: Timothy St. John • Thursday, June 12, 2025 • 2 min read

• Last updated: Thursday, June 12, 2025

Tesla stock is looking good after a positive week for the company.

Quick overview

Tesla's stock has shown volatility but recently climbed and retained gains despite delays in the robotaxi service.
The launch of Tesla's robotaxi service in Austin has been postponed to June 22nd to ensure safety standards are met.
Tesla stock is currently priced at $323, significantly higher than earlier this year but still below its January peak of $411.
Analysts are awaiting upcoming economic reports to assess whether Tesla's stock strength is a short-term trend or a longer-term recovery.

The stock market has been volatile for Tesla (TSLA) for months now, with sharp upturns and declines. The stock recently climbed and has retained its gains, even though there has been a setback in the robotaxi service.

Tesla's robot taxi service has been delayed, but their stock is strong. — Tesla’s robot taxi service has been delayed, but their stock is strong.

Tesla was set to launch its new robotaxi service on Thursday in Austin, Texas, the beginning step of a much larger launch. However, Tesla CEO Elon Musk posted to X that the service will instead launch “tentatively” on June 22nd.

There are already Tesla cars driving around Austin, Texas without drivers. These are test vehicles for the service and have not been modified for robotaxi service. The company plans to roll out its official robotaxi vehicles later in the month but wants to hold back for now to ensure that their standards of safety are being met.

Musk has already said that the tentative date could shift, and that would likely come down to whether new safety concerns have been raised or not.

Is Tesla’s Stock a Good Investment Right Now?

Tesla stock fell 0.29% on Thursday barely moving from its incredible gains from earlier this week. Now priced at $323, shares of Tesla stock are considerably higher than they were during the months of March and April but still a long way off from where they started the year at $411.

Tuesday saw a jump of 5.7% for the stock, which bodes well for investors who have been counting on Tesla to claw its way back up to the top of the tech stock charts. The company has been going through a tumultuous time for the past few months, mainly due to their connection to the politically divisive Musk. But Tesla is also dealing with a stagnant product line that has not seen a new vehicle launch in years.

It looks like Tesla stock is strengthening, but it remains to be seen if this is a short-term trend or if it will continue past this week’s important economic reports. As reports on jobless claims and PPI are released, analysts will have a better idea as to where inflation is at and if it is moving at all.

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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.