Traders should now watch $250 as the next key level. A drop to that price would represent a 20% pullback from recent highs and return the stock to its longer-term bear market trendline. That target is likely to be tested within the next two weeks, barring any sharp reversal in Musk’s focus or tone.

Tesla's Q2 sales are down, but it's not all bad news. Learn about the surprising bright spots in their latest report and what it means for the future of the EV giant beyond vehicle deliveries.

After soaring in 2023 and 2024, shares of Tesla (NASDAQ:TSLA) were battered throughout Q1 2025. And while the stock performed marginally better in Q2, the largest U.S. EV-maker slid into Q3. Over the past five days,

Shares in Tesla tanked by as much as 7.6% in premarket trading Monday after its CEO Elon Musk said he is forming a new American political party, provoking an irate response from US President Donald Trump.

Shares in Tesla rose 5% in afternoon trading, even after Elon Musk's company said global vehicle sales fell more than 13% in the second quarter. Get the full story:

Tesla also said that it delivered a total of 384,122 vehicles, including 373,728 Model 3 and Model Y vehicles, as well as 10,394 other vehicles — a 14 percent decline compared to the second quarter of 2024, when it delivered 443,956 vehicles. (For a direct-to-consumer company like Tesla, deliveries are a proxy for sales.)

Key Points Tesla stock fell after Dan Ives issued a report saying Elon Musk's new political party was "exactly the opposite" thing investors want.The longtime Tesla bull says Musk is risking a $1 trillion opportunity in autonomous vehicles.