Tesla Stock Gains Just 0.5% After Robo-Taxi Launch as Market Reacts Tepidly To Austin Rollout

Tesla stock barely moved following the launch of its long-anticipated robo-taxi service, rising just 0.5% last week, according to Barron's. The rollout in Austin impressed bullish investors with driverless rides but failed to generate major market excitement as bearish voices highlighted safety concerns and scalability issues. Shares fell 1.4% on Monday even as broader markets rose. The drop came amid Senate debate over a GOP bill that would eliminate EV tax credits sooner than expected, a move Tesla CEO Elon Musk called “utterly insane and destructive.” Investor attention is now shifting to second-quarter deliveries, due on Wednesday, which are expected to decline around 20% year-over-year to approximately 355,000 vehicles. Wall Street expects Tesla to report second-quarter earnings of 44 cents per share, down from 52 cents a year ago and far below the 85 cents initially forecast for 2025. Investors are also anticipating an update on Tesla’s next vehicle model, which the company still plans to release this year.