{"id":781036,"date":"2026-07-24T02:54:19","date_gmt":"2026-07-24T02:54:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/781036\/"},"modified":"2026-07-24T02:54:19","modified_gmt":"2026-07-24T02:54:19","slug":"tesla-stock-suffers-double-digit-drop-on-carmakers-worst-day-in-years-tesla","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/781036\/","title":{"rendered":"Tesla stock suffers double-digit drop on carmaker\u2019s worst day in years | Tesla"},"content":{"rendered":"

Tesla<\/a>\u2019s stock fell about 13.5% on Thursday in one of the biggest single-day market losses in the company\u2019s history.<\/p>\n

Elon Musk<\/a>\u2019s automaker has struggled throughout the year, losing about 27% of its market value as huge capital expenditures and weaker-than-expected profits worry investors.<\/p>\n

US stocks as a whole tumbled on Thursday with Nasdaq<\/a> down more than 2% after touching its lowest level since early May as the latest earnings updates from large technology companies \u2060revived concerns about heavy AI<\/a> \u2060spending, while soaring oil prices amped \u200bup inflation worries and pushed up bond yields.<\/p>\n

The S&P 500 and the Dow exchanges fell more than 1% after second-quarter results from Alphabet<\/a> and Tesla, the first of the so-called \u201cMagnificent Seven\u201d megacap companies to report this season, failed to impress \u2060investors.<\/p>\n

Tesla\u2019s market losses come the day after it released its second-quarter earnings<\/a>, which revealed the company made 31 cents per share as opposed to the 51 cents per share that Wall Street analysts expected, a proxy measure for the company\u2019s profitability. Though it did beat revenue predictions, a sharp selloff in Tesla stock has followed.<\/p>\n

Musk faced numerous questions from investors on Wednesday\u2019s earnings call about the timeline and logistics of the two projects he has most heavily touted \u2013 Tesla\u2019s driverless Robotaxi car service and Optimus humanoid robot. Musk has for years promoted both products as world-changing sources of near-infinite potential revenue, but the rollout has been slow and Musk has repeatedly failed to meet his own targets. Tesla\u2019s Robotaxis are available only on a limited basis in the US, and Optimus is not available to consumers.<\/p>\n

Musk attempted to assuage investor concerns on Wednesday\u2019s call by once again proclaiming that Optimus robots would be Tesla\u2019s biggest product ever, but cautioned that there were numerous hurdles the company faced in creating the product. He similarly claimed that Robotaxi\u2019s slow rollout was the result of an abundance of concern for safety and worry that deadly accidents would result in negative media attention and a regulatory crackdown.<\/p>\n

Tesla\u2019s pivot to robotics, autonomous vehicles and AI has required immense amount of investments with little immediate return. The company spent $5.8bn in the second quarter of this year, resulting in negative free cashflow of $1.1bn for the first time in more than two years. Although its electric vehicle sales surged on the strength of European buyers and rising fuel costs, Tesla\u2019s spending on its new products has shifted investor focus away from its auto revenue.<\/p>\n

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Tesla\u2019s loss in stock value makes it the poorest-performing of the magnificent seven companies, which also include Alphabet, Amazon, Meta, Nvidia, Apple and Microsoft. The group suffered declines across the board on Thursday, with Bloomberg reporting that their losses wiped out $767bn<\/a> from the market.<\/p>\n

Shares of Google\u2019s parent, Alphabet, fell 6.5% after reporting higher spending plans and its first \u200bever cash burn. Wall Street\u2019s fear gauge, the CBOE Volatility Index, was up three points, at 19.64, after hitting its highest level in nearly a month.<\/p>\n","protected":false},"excerpt":{"rendered":"Tesla\u2019s stock fell about 13.5% on Thursday in one of the biggest single-day market losses in the company\u2019s…\n","protected":false},"author":2,"featured_media":781037,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28],"class_list":["post-781036","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/781036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=781036"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/781036\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/781037"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=781036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=781036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=781036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}