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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.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tesla stock barely moved following the launch of its long-anticipated robo-taxi service,
00:06rising just 0.5% last week, according to Barron's.
00:09Rolled in Austin impressed bullish investors with driverless rides
00:12who failed to generate major market excitement as bearish voices
00:15highlighted safety concerns and scalability issues.
00:18Shares fell 1.4% on Monday, even as broader markets rose.
00:22The crop came amid a Senate debate over a GOP bill
00:24that would eliminate EB tax credit sooner than expected.
00:26The move Tesla CEO Elon Musk called utterly insane and destructive.
00:31Investor attention is now shifting to second quarter deliveries due Wednesday,
00:34which are expected to fall around 20% year-over-year to roughly 355,000 vehicles.
00:40Wall Street expects Tesla to report second quarter earnings of $0.44 per share,
00:44down from $0.52 a year ago and far below the $0.85 initially forecast for 2025.
00:50Investors are also anticipating an update on Tesla's next vehicle model,
00:53which the company still plans to release this year.
00:55For all things money, visit Benzinga.com.

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