Tesla (TSLA) Stock: Is the Worst Over or Is There More Pain Ahead?
TLDR
- Tesla stock is down 27% year-to-date, trading around $326-$327, while the S&P 500 is up 13%
- Q2 EPS of $0.33 missed the $0.50 consensus estimate; revenue of $28.24 billion beat estimates
- Operating margins fell to around 1.4% and free cash flow turned negative
- Analyst consensus is โHoldโ with an average price target of $401.74
- SpaceX purchased nearly $300 million of Tesla Megapacks, providing a rare positive signal
Tesla stock opened at $327.51 on Thursday after snapping a four-day winning streak. The stock slipped 0.4% to $326.26 ahead of Thursdayโs open, a day after dropping 1.6%.
The year has been rough. TSLA is down 27% in 2026 while the S&P 500 has gained 13% over the same period. The 1-year low sits at $297.38, with a high of $498.83.
The trouble started building with Q2 earnings on July 22nd. Tesla reported EPS of $0.33, missing the $0.50 consensus by $0.17. Revenue came in at $28.24 billion, up 25.5% year over year and ahead of the $26.42 billion estimate. But on the bottom line, the miss was hard to ignore.
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