Elon Musk’s launch of the “America Party” and renewed political feud with Trump have rattled investors — TSLA has dropped around 7% in a single day and is down ~35% year-to-date . Analysts warn Musk’s political entanglements are distracting and could hurt delivery momentum, especially with Q2 sales declining ~13%.
Wall Street heavyweights like Wedbush’s Dan Ives fear this could prompt the board to impose restrictions or alter Musk’s incentive package to refocus him on core operations.
Tesla officially rolled out its robotaxi pilot in Austin on June 22, which has drawn both buzz and scrutiny.
Key points:
• Launch & Scale‑up: Pilot launched with ~10–20 Model Y FSD-enabled vehicles under geofenced operation.
• Mixed early performance: Reports of erratic behavior—wrong-lane driving, phantom braking—have tempered enthusiasm .
• Huge promise if it works: Tesla’s scale advantages—millions of FSD-capable vehicles and camera-only vision strategy—could yield a massive, cost-effective fleet.
Stock reaction to the robotaxi news has been volatile: TSLA jumped ~47% on autonomy optimism but recently gave back gains after the formal launch.
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