Tesla Shares Are Down Today: What You Need To Know

Tesla shares declined Wednesday, continuing a slide that began after last week’s disappointing second-quarter earnings report, according to Benzinga. Investors remain cautious about the company’s financial outlook and strategic direction, despite a $16.5 billion AI chip deal with Samsung and exploring a partnership with LG. Tesla missed second-quarter expectations on both revenue and profit, with weak core automotive sales and demand concerns weighing on investor sentiment. RBC’s Tom Narayan maintained an Overweight rating on Tesla and raised the price target slightly, citing robotaxi potential, though near-term viability and global approval remain uncertain. Future Fund's Gary Black called the Cybertruck a "disaster" and argued that a smaller, more practical pickup would better support Tesla's earnings potential. CEO Elon Musk emphasized long-term goals, but the stock is down over 20% year-to-date in 2025, trailing the broader tech sector.