Tesla Stock Price Holds at $345.98 Amid Global Sales Decline and AI Hopes

Despite the sales pressure, Tesla is actively repositioning itself as more than just an electric car company. Artificial intelligence and autonomous mobility are at the heart of this strategy. In June 2025, Tesla launched a self-driving taxi service in Austin, which added momentum to its stock. Since the company first announced this project in October 2024, Tesla’s share price has gained about 46%, showing the strong influence of new technologies on investor sentiment.

Tesla has also shifted its approach to autonomous driving hardware. Earlier, the company was working on its in-house supercomputer project called Dojo. However, that project has been scaled down, and Tesla now appears to be leaning more on Nvidia’s new Thor system-on-chip (SoC) to power future self-driving systems. Nvidia’s automotive revenue jumped 69% year-over-year in the second quarter of 2025, underlining the scale of demand for such technology. For Tesla, this partnership could provide a reliable foundation for its Hardware 5 and Hardware 6 self-driving systems, which are expected to be more advanced than current versions.