Tesla Inc. Stock Sheds 14.5%, Underperforms Peers

Dow Jones07-24 04:33

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

Shares of Tesla Inc. plunged 14.5% to $319.69 on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 2.2% to 25,137.69 and Dow Jones Industrial Average falling 1.0% to 51,711.65.

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

Tesla Inc. closed 35.9% below its 52-week high of $498.83, which the company reached on December 22nd.

The stock underperformed when compared to some of its peers, as General Motors Co. fell 1.8% to $80.67, Ford Motor Co. fell 1.9% to $14.15, and NIO Inc. ADR fell 0.64% to $4.64.

Trading volume totaled 114.3 million, compared to the 50-day average of 45.3 million.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

July 23, 2026 16:33 ET (20:33 GMT)

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