TLDR
- Tesla stock rose 1.8% in premarket trading Monday, gaining 10% last week as political drama with Trump cooled
- Shares have climbed 37% since April 22 earnings call when management confirmed June robotaxi timeline
- Tesla’s robotaxi service launch in Austin is scheduled for June 22, leaving investors to speculate this week
- Stock remains down 19% year-to-date despite recent gains, with key technical levels at $265 support and $365 resistance
- Bulls have defended 50-day and 200-day moving averages while trading volume has eased after initial breakdown
Tesla stock continued its recovery Monday as investors shifted focus back to the company’s upcoming robotaxi launch after a brief political drama subsided. Shares gained 1.8% to $331.19 in premarket trading.
The electric vehicle maker posted a 10% gain last week. This marked a sharp rebound from the previous week’s nearly 18% decline following a public feud between CEO Elon Musk and President Donald Trump.
The war of words played out on social media platforms. The dispute fizzled out almost as quickly as it began, with Musk admitting he regretted some of his posts.
Trump told the New York Post he hasn’t ruled out reconciling with Musk. The cooling tensions allowed investors to refocus on Tesla’s business fundamentals.
Robotaxi Launch Takes Center Stage
With political drama in the rearview mirror, attention turns to Tesla’s robotaxi service launch in Austin, Texas. Musk recently confirmed on his social platform X that the launch is slated for June 22.
🚨 BREAKING: Another Tesla Robotaxi spotted at night in Austin, Texas 👀
They are testing at night now? $TSLA pic.twitter.com/iOLQOmhTsw
— Muskonomy (@muskonomy) June 14, 2025
The timeline gives investors and Wall Street analysts plenty of time this week to speculate. Musk has emphasized that the rollout will proceed slowly to ensure safety.
Another video of a Tesla robotaxi surfaced on X over the weekend. The vehicle wasn’t carrying passengers but signals another self-driving taxi service is about to begin operations.
Tesla stock has risen more than 50% from its early April low. The gains coincide with Musk stepping back from his role with the federal government.
Technical Picture Shows Mixed Signals
Tesla shares have recovered most losses from the Musk-Trump feud. The stock now trades around $325, close to pre-feud levels.
Bulls have defended key moving averages in recent trading. The 50-day and 200-day moving averages provided support as the relative strength index reclaimed neutral territory.
Trading volume initially spiked during the stock’s breakdown. Volume has since eased, indicating moderating investor interest.
Key support levels sit around $265 and $215. The $265 level aligns with the early April countertrend high and several peaks from last July through October.
Resistance levels emerge around $365 and $430. The $365 level coincides with the rising wedge pattern’s peak and previous countertrend highs.
Tesla stock remains down about 19% year-to-date. Concerns over slowing EU sales and uncertainty about the Trump administration’s tariff policies continue to weigh on shares.
Despite yearly declines, the stock has surged 37% since the April 22 earnings call. Management reiterated the June robotaxi timeline during that conference call.
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