With today's pullback, Tesla stock is now down 13% over the last month and roughly 26% across 2025's trading. While Tesla's robotaxi service has now launched in Austin, Texas, it could take a while for the business to scale substantially. Meanwhile, the core auto business faces the risk of sustained headwinds in the near term.

Tesla reported 384,122 vehicle deliveries in the second quarter of 2025, down 13.5% from the same period last year, marking the second consecutive quarterly decline. Despite the year-over-year drop, shares rose as much as 5% following the release,