Tesla Falls Below $300 for First Time in a Year After Six-Day Losing Streak
TSLA is trading near its 52-week low of $297.38 (2.2% above the low).
Summary
Tesla shares have dropped for six straight sessions, closing below $300 for the first time in over a year. The selloff follows Q2 earnings that missed badly—operating profit came in at roughly $400 million, about $1.3 billion below analyst forecasts. Investors are also frustrated by the slow rollout of Tesla's robo-taxi service beyond Austin, which was expected to be a key AI growth driver. The stock is now trading near its 52-week low of $297.38, and the break below $300 could trigger further technical selling. This comes amid a backdrop of heavy AI spending and a new CEO performance award that could dilute shareholders by over 10%.
At the time of this announcement, TSLA was trading at $303.78 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $1.2T. The 52-week trading range was $297.38 to $498.83. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.