$Tesla(TSLA.US) (+6% YTD) has significantly underperformed SPX (+16%), NDX (+22%) and its Mag 7 peers (+23% avg) this year, despite clear evidence that TSLA and a handful of competitors are close to achieving unsupervised autonomy. The major catalyst for TSLA is now removal of safety monitors in all Robotaxis, which would signal an imminent scale up, and which Elon has targeted in Austin by year-end.
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