Tesla Inc. Stock Slides 4.8%, Underperforms Market

Dow Jones05-16

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Tesla Inc. slipped 4.8% to $422.24 on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 1.5% to 26,225.14 and Dow Jones Industrial Average falling 1.1% to 49,526.17.

This was the stock's second consecutive day of losses.

Tesla Inc. closed 15.4% below its 52-week high of $498.83, which the company reached on December 22nd.

The stock demonstrated a mixed performance when compared to some of its peers, as General Motors Co. fell 3.7% to $74.86, Ford Motor Co. fell 7.5% to $13.40, and NIO Inc. ADR fell 2.40% to $6.10.

Trading volume totaled 51.2 million, compared to the 50-day average of 63.8 million.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

May 15, 2026 16:35 ET (20:35 GMT)

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