Tesla stock was down early Monday, with investors waiting for the company to make more headway inAI. Tesla appears to be moving fast on that front.
Shares of the electric-vehicle maker were down 3.1% at $395.09 in early trading, while the S&P 500 was down 0.3% and the Dow Jones Industrial Average was up 0.1%.
Coming into Monday trading, Tesla stock was down about 9% this year, with investors seemingly waiting for further AI progress, including Tesla’s AI-trained robo-taxis and robots.
The company launched a robo-taxi service in Austin, Texas, in June 2025 to much fanfare, but expansion has been slow. The service operates in a few cities and is still much smaller than Alphabet’s Waymo.
Tesla hasn’t started selling its AI-trained humanoid robot, Optimus, yet. But the company is preparing to build it. On Friday, Tesla released a video of its decommissioning of the Model S and Model X lines in Fremont, California.
It took less than seven weeks to rip out all of the tooling and infrastructure. Now, the Fremont plant, which still builds Model 3 and Y vehicles, can prepare to produce Optimus robots.
In January, Tesla announced plans to stop building the Model S and X vehicles, instead converting the capacity to robot production. Tesla CEO Elon Musk believes robots are a multi-trillion-dollar opportunity.
Any investor would trade the relatively low-volume Model S and X for a new business of that size, but investors are still waiting to see the latest version of Optimus, even as other robot manufacturers, including China’s Unitree, post updates regularly.
Investors might hear more about Optimus on July 22, when Tesla reports second-quarter results. They hope to hear about the start of production and when Tesla might show off its latest robot tech.
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