## Tesla News for Today (May 12, 2025)
**Tesla shares surged, product and service developments, and executive statements dominate today’s headlines.**
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### Stock Performance
– **Tesla Stock Up Significantly**
– Tesla’s stock (TSLA) rose about 8% to $322.56 per share in Monday’s premarket activity, indicating renewed investor optimism and strong market momentum[2].
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### Executive Updates
– **Board Denies CEO Replacement Rumors**
– Tesla Chair Robyn Denholm denied reports claiming the company’s board was seeking to replace CEO Elon Musk, stating that no recruitment firms have been contacted to find a new CEO[1].
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### Product and Technology News
– **Robotaxi Launch Set for June**
– Tesla is preparing to launch its highly anticipated Robotaxi ride-hailing service in June 2025, taking concrete steps to roll out the new autonomous vehicle platform[2].
– **AI Innovations in Customer Service**
– The company will implement a new AI Agent intended to expedite service claims and improve communication with Tesla customers, emphasizing the company’s push into AI-driven solutions[2][4].
– **Full Self-Driving (FSD) Developments**
– Mazda announced plans to adopt Tesla’s charging standard to boost customer convenience. Additionally, Tesla’s Full Self-Driving technology continues to earn praise, including compliments from Li Auto’s CEO on Tesla’s FSD capabilities[2][4].
– **Cybertruck Resilience**
– Recent incidents suggest the Tesla Cybertruck continues to perform well under challenging conditions, as a recent incident involving a charger reportedly left the vehicle unharmed[2][4].
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### Corporate and Industry Moves
– **Expansion and Partnerships**
– Tesla is broadening access to its electric Semi truck to more companies, indicating an expanding commercial footprint[4].
– Tesla’s Megapack battery systems are being used to stabilize xAI’s Colossus supercomputer, further intertwining Elon Musk’s various ventures[2].
– **International Moves**
– Tesla launched its first showroom and service center in Riyadh, Saudi Arabia, reflecting strategic expansion into new markets[3].
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### Miscellaneous
– **Refunds and Customer Care**
– Tesla will be refunding payments for a recently canceled item, adding to its efforts to improve customer satisfaction[2].
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Overall, today’s Tesla news centers on strong market performance, expansion into new services and markets (like Robotaxi and the Middle East), bold advances with AI in customer service, and executive leadership stability. The company continues to intertwine its technology with other Elon Musk-led ventures and partners, signaling a multifaceted growth strategy[1][2][4].