Tesla stock suffers double-digit drop on carmaker’s worst day in years
Tesla stock dropped 13.5% following a disappointing earnings report that highlighted weak profits and high spending on AI and robotics. Investors expressed concern over the slow rollout of the company's Robotaxi and Optimus humanoid robot projects.
Why it matters
As a major tech and automotive player, Tesla's market performance and strategic pivots toward AI significantly influence broader market sentiment and investor confidence in the EV sector.
Tesla has lost about 27% of its market value throughout the year. Tesla has lost about 27% of its market value throughout the year. Tesla Tesla stock suffers double-digit drop on carmaker’s worst day in years Elon Musk’s EV company lost a quarter of its value after revealing weak profits and high spending on AI and robotics
Prefer the Guardian on Google Tesla ’s stock fell about 13.5% on Thursday in one of the biggest single-day market losses in the company’s history.
Elon Musk ’s automaker has struggled throughout the year, losing about 27% of its market value as huge capital expenditures and weaker-than-expected profits worry investors.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in