Tesla Stock (TSLA) in Spotlight as Investors Brace for Robotaxi Shake-Up

Tesla (TSLA) shares are ticking higher as excitement builds around the company’s upcoming robotaxi announcement. With CEO Elon Musk teasing a major reveal on June 22, investors are positioning ahead of what could be a disruptive moment for both the auto and mobility industries. The rally reflects growing speculation that Tesla’s autonomous vehicle strategy could unlock a powerful new growth engine. Year-to-date, TSLA stock is down by almost 20%.

All Eyes on Tesla

Tesla shares jumped 14% last week, recovering from an 18% plunge the week before amid a brief public spat between President Donald Trump and CEO Elon Musk. The clash, which unfolded on social media, quickly lost steam. With the political noise fading, attention is shifting back to Tesla’s upcoming robotaxi launch in Austin, Texas. Musk announced on X that the service will debut on June 22, giving investors and analysts ample time this week to weigh in on the potential impact.

Additionally, Tesla’s upcoming robotaxi launch is drawing major attention as the company pivots from slowing EV sales toward AI-driven growth. With rising competition from China, Musk is betting big on self-driving tech, believing it could eventually propel Tesla’s value to $30 trillion.

Interestingly, a successful robotaxi debut could boost investor confidence in Tesla’s pivot from affordable EVs to autonomous tech. Yet, the road ahead is uncertain, with regulatory hurdles and safety issues still looming. If it succeeds, the launch could revolutionize ride-hailing and open up major revenue potential for Tesla and its investors.

Is Tesla a Good Share to Buy?

According to TipRanks, TSLA stock has received a Hold consensus rating, with 16 Buys, 10 Holds, and 10 Sells assigned in the last three months. The average Tesla stock price target is $285.91, suggesting a potential downside of over 3% from the current level.

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