Tesla Surges After Robotaxi Launch, Wall Street Confident Despite Iran Strikes

Published: June 23, 2025 by Omor IE

Key Points

Tesla stock is surging after its long-awaited robotaxi launch.
The broader market seems positive, despite Trump’s strikes on Iran over the weekend.
Many other stocks have made big moves in both directions.
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The stock market is up so far this morning, and a key driver has been Tesla (NASDAQ: TSLA). The stock has popped by over 10% due to the company launching its robotaxi service in Austin. This is after a small delay, which caused many analysts to doubt whether or not the service would be launched at all this month, or even this year. Luckily for Tesla investors, the long-awaited launch is finally here.

This launch is being cited as being “low-key” due to “as many as 20 Tesla Model Ys driving on public roads, before expanding the service based on the technology’s performance.”

On the other hand, the broader market has remained stable and has continued climbing despite the U.S. striking Iran’s nuclear facilities over the weekend. Wall Street’s confidence mainly stems from a lack of an Iranian response so far and reports that the U.S. has urged China to restrain Iran from blocking the Strait of Hormuz, an action that would hurt both China and the U.S.

Here’s a market update as of 11:00 AM (ET) today.

The S&P 500 is up 21.68 points, or 0.36%.
The Nasdaq Composite is up 81.5 points, or 0.41%.
The Dow Jones Industrial Average is up 46.39 points, or 0.11%.

Tesla Carriers the Markets Today

The robotaxi rally may end up being short-lived, since the impact of this new Tesla business is quite unknown. Many expect it to be unprofitable, and the rollout is still small. Regardless, Tesla bulls have been quick to reward the stock, and TSLA now trades at above $350. This is a $1.1 trillion company, so TSLA’s pop has caused spillover optimism for the rest of the market.

The core electric vehicle business is still showing dismal figures, so Tesla has been eagerly shifting into other auxiliary ventures to compensate and move shareholder attention away from its crumbling delivery figures. And so far, this strategy has worked wonders.

Dan Ives called Sunday’s pilot “just the beginning of the Tesla AI story,” and he believes TSLA stock will reach $500.

Notable Gainers Today

Besides TSLA, there have been plenty of other winners.

Cidara Therapeutics Inc (NASDAQ: CDTX) is up 91.4% after the company said that its influenza prevention has met primary and secondary endpoints.
SpartanNash Co (NASDAQ: SPTN) is up 49.5% due to C&S Wholesale Grocers acquiring the company for $1.77 billion.
Standard Biotools Inc (NASDAQ: LAB) is up 35.3% after announcing that it is selling SomaLogic for $350 million in cash, plus up to $75 million in performance-based milestones and royalties.
CorMedix (NASDAQ: CRMD) is up 25.6% after lifting revenue forecast on DefenCath progress with a large dialysis organization customer.
Zeta Global Holdings (NYSE: ZETA) is up 18.1% due to speculation on increasing M&A interest.

Alongside these stocks, DASH, ANET, and NTRS are up big today.

Notable Losers Today

Hims & Hers Health (NYSE: HIMS) is down 28.8% due to Novo Nordisk (NYSE: NVO) abruptly ending its partnership with the company.
SS Innovations International (NASDAQ: SSII) is down 18% as it is cooling off from a massive rally last week.
Gorilla Technology Group (NASDAQ: GRRR) is down 15.5%. It is also cooling off from a rally.
Exodus Movement (NYSEAMERICAN: EXOD) is down 11% due to a cool-off in crypto sentiment.
Cipher Mining (NASDAQ: CIFR) is down 9.6%. This is also a crypto company.