Tesla Removes Robotaxi Safety Monitors in Austin, Stock Declines 1.24% Amid Broadcom AI Selloff

According to Barron's, on June 4, Tesla removed safety monitors from some of its Austin Robotaxi fleet, marking a key step toward fully autonomous operation. However, the progress failed to lift Tesla (TSLA-US) stock, which declined 1.24% to close at $418.45, compared to a 0.4% gain in the S&P 500. Market analysts attributed the weakness not to Tesla fundamentals but to a broader AI sector selloff triggered by Broadcom (AVGO-US), which dropped roughly 13% after reporting strong Q2 results but disappointing Q3 guidance.

Barclays analyst Dan Levy estimates Tesla's current Robotaxi fleet at just 40–50 vehicles operating across four cities, indicating the service remains at an early stage despite its significance as a step toward fully driverless operation.