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Tesla (TSLA) shares fell 1.71% to $348.75, trading near its 52-week low. The company maintains a $1.38 trillion market cap and increased Q2 net income by
Tesla (TSLA) shares closed at $348.75, a 1.71% decrease, or $6.06, since the market last closed, with an additional $0.56 drop in after-hours trading [1]. This places the stock near the bottom of its 52-week range and below its 200-day simple moving average, even as the company maintains a mega-capitalization of $1.38 trillion [1].
| At a glance | |
|---|---|
| Closing Price | $348.75 [1] |
| Daily Change | -$6.06 (-1.71%) [1] |
| Market Capitalization | $1.38 Trillion [1] |
| Q2 Net Income Growth | +133.96% [1] |
Tesla's stock performance reflects a recent downturn, with a 0.32% decrease compared to the previous week, though it has seen a 13.55% rise over the last month [2]. Over the past year, the stock has shown a 0.62% decrease [2]. Despite the recent stock dip, Tesla reported a total revenue of $28.24 billion in the latest quarter, an increase of 26.13% from the prior quarter [1]. Net income for the quarter reached $1.12 billion, marking a 133.96% increase from the previous quarter, though it decreased 46.79% year-over-year [1]. Earnings per share (EPS) also rose to $0.31 in the latest quarter, up 133.46% from the prior quarter, but down 47.24% year-over-year [1].
The company, founded in 2003 and headquartered in Austin, TX, operates through its Automotive and Energy Generation and Storage segments [1, 2]. The Automotive segment focuses on the design, development, manufacture, sale, and lease of electric vehicles, including sales of automotive regulatory credits [1]. The Energy Generation and Storage segment handles the design, manufacture, installation, sale, and lease of solar energy generation and storage products [1].
Tesla's market capitalization of $1.38 trillion places it in the mega-capitalization category, defined as above $200 billion [1]. Analysts' forecasts for TSLA's stock price range from a maximum estimate of $600.00 to a minimum of $24.86 [2]. The company's stock volatility is 3.94%, with a beta coefficient of 1.96 [2]. Tesla denied recent reports of scaling back its Full Self-Driving (FSD) efforts in China, confirming its Shanghai data center remains open and that hiring for self-driving roles is increasing [2].
The recent decline in Tesla's stock price comes amidst a period of mixed financial results, with strong quarterly net income growth contrasting with a year-over-year decrease and the stock trading near its 52-week low. The company's ability to navigate market pressures while advancing its automotive and energy segments will be key to its future performance.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Aug 30, 2026 · How we report
Tesla recalled approximately 2.98 million vehicles due to concerns that emergency mechanical door release latches were difficult to identify and operate. Additionally, Tesla recalled over 2.74 million vehicles to update driver monitoring systems to include eye-tracking capabilities as required by Chinese regulators.
The recall includes 973,156 China-built Model 3s, 1,956,713 China-built Model Ys, 35,590 imported Model 3s, 8,328 imported Model Xs, and 2,123 imported Model S vehicles.
Tesla plans to resolve the door handle issue by applying warning labels to the vehicles and issuing an over-the-air software update that automatically lowers the windows after a collision occurs.
The provided sources do not specify if the driver monitoring recall for over 2.7 million vehicles is being implemented outside of China. The recall is described specifically in relation to the requirements of the Chinese State Administration for Market Regulation.