Tesla's market cap fell below $1 trillion, but it still reflects investors' assumptions of enormous future growth.

Tesla's valuation gains today follow a bigger sell-off in yesterday's trading that was spurred by disappointing second-quarter results and comments from management suggesting that performance headwinds could continue in the near term. The company's share price has seen some big swings in 2025, and is down roughly 21% year to date with today's pop.

Nelson downgraded the company’s stock to a neutral rating in April. But even some of the Tesla bulls on Wall Street are saying that the time for Musk to take action is running out.

Tesla shares took a hit Thursday after the company reported a 16% decline in automotive sales and a 12% decline in total revenue for the second quarter compared with one year ago.

The electric vehicle revolution has created massive winners, but the next decade could see a dramatic reversal of fortunes. One overlooked giant is already laying the groundwork.

Elon Musk's electric-vehicle maker reported a 12% drop in quarterly revenue, and a steeper decline in net income. + Musk highlighted plans to release a lower-priced Model Y electric vehicle, spoke about his hopes for a new pay package and talked up plans to roll out Tesla robotaxis more widely.

Tesla shares are down in premarket trading Thursday as more disappointing sales data is dragging on the stock along with the lackluster second-quarter earnings report Tesla released after the closing bell on Wednesday.

Meanwhile, another artificial intelligence (AI)-powered transportation stock has rocketed higher this year, partly due to its emerging autonomous driving business. Lately, the stock seems to go up when Tesla goes down and vice versa. Is it the ultimate threat to Tesla's autonomous driving ambitions?

Gary Black expressed skepticism about Tesla's robotaxi test in SF. Black says FSD cannot be fully autonomous until safety driver is removed.

Tesla stock rose Friday, bouncing from its large post-earnings drop. The overall picture for shares, however, looks relatively unchanged. Thursday’s dip came after CEO Elon Musk warned on Tesla’s earnings conference call that “rough quarters” could lie ahead.