Tesla Shares Drop 4% on OpenAI Robotics Competition Fears

Tesla shares fell over 4% on June 1 after OpenAI announced plans to expand into robotics, intensifying competition concerns for Optimus. The decline caps a volatile period marked by multiple NHTSA regulatory actions. In May, Tesla recalled all 173 RWD Cybertrucks over wheel-separation defects and 14,575 Model Y SUVs for missing weight labels. Offsetting these setbacks, the company secured FSD Supervised approval in Lithuania on May 28, expanding its footprint to 10 territories, while its 2026 Model Y became the first vehicle to meet NHTSA’s new ADAS safety benchmark. Disclosures of two Robotaxi crashes and the end of Model S/X production added to scrutiny.