World Jul 23, 2026 · 1 min read

Tesla stock suffers double-digit drop on carmaker’s worst day in years

Elon Musk’s EV company lost a quarter of its value after revealing weak profits and high spending on AI and roboticsTesla’s stock fell about 13.5% on Thursday in one of the biggest single-day market losses in the company’s history.Elon Musk’s automaker has struggled throughout the year, losing about...

The Guardian

by Nick Robins-Early and agencies

Tesla stock suffers double-digit drop on carmaker’s worst day in years

Elon Musk’s EV company lost a quarter of its value after revealing weak profits and high spending on AI and robotics

Tesla’s stock fell about 13.5% on Thursday in one of the biggest single-day market losses in the company’s history.

Elon Musk’s automaker has struggled throughout the year, losing about 27% of its market value as huge capital expenditures and weaker-than-expected profits worry investors.

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This article was originally published by The Guardian and written by Nick Robins-Early and agencies.

Read original article on The Guardian

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Tesla stock suffers double-digit drop on carmaker’s worst day in years

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