Tesla (NASDAQ:TSLA | TSLA Price Prediction) stock is down 25% year to date, trading at $335.45 as of Tuesday afternoon.
Tesla TSLA shares reversed earlier losses on Tuesday and were trading in the green as investors focused on the electric-vehicle maker's artificial intelligence ambitions and potential robotaxi and humanoid robot businesses. Tesla shares entered Tuesday down about 25% year to date and had gained only around 1% over the previous 12 months, reflecting a prolonged period of limited gains as investors await evidence of progress in the company's AI-related businesses.
Amazon (NASDAQ:AMZN | AMZN Price Prediction) subsidiary Zoox is expanding its fully driverless robotaxi service to San Francisco and Las Vegas, according to a Reuters report, putting it on a direct collision course with Tesla's autonomous vehicle ambitions in two high-profile markets.
Elon Musk took to X to shut down reports that Tesla was quietly preparing to hive off its China business.
Swedish electric and autonomous trucking company Einride said Tuesday it plans to buy 500 Tesla Semis and make the electric big rigs available to Amazon and other customers. The Tesla Semis will be added in phases to Einride's fleet over the next 24 months, starting in September, according to the company.
Shares of Tesla Inc (NASDAQ:TSLA) were last seen down 0.8% to trade at $339.57.
CNBC matched Tesla's (NASDAQ: TSLA | TSLA Price Prediction) FSD (Supervised) against Rivian's (NASDAQ: RIVN) Autonomy+.
Prediction market traders are increasingly betting that a Tesla (NASDAQ: TSLA) and SpaceX (NASDAQ: SPCX) merger could happen in the first half of 2027.
At $342.27, Tesla (NASDAQ:TSLA | TSLA Price Prediction) sits at the center of one of Wall Street's sharpest analyst splits, with the consensus rating landing at hold.
Tesla shares have steadied after a rough stretch, closing at $342.27 on August 14, 2026, up 4.2% over the prior week even as the stock remains down 23.9% year to date.
Cathie Wood's ARK Invest has poured cash into Tesla (NASDAQ:TSLA | TSLA Price Prediction) at a pace unmatched among the Magnificent Seven, buying an estimated 450,000 shares across roughly 45 days from June 21 to Aug.
Tesla (NASDAQ:TSLA | TSLA Price Prediction) shares have bounced from a recent 52-week low.