Tesla Stock Is Trading Lower Thursday: What's Driving The Action?

Benzinga
2025.10.23 13:17
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Tesla Inc (NASDAQ:TSLA) shares fell 3.36% to $424.23 on Thursday following the release of its third-quarter results. The company reported revenue of $28.10 billion, exceeding estimates, but adjusted earnings of 50 cents per share missed expectations. Despite a 12% year-over-year revenue increase, CEO Elon Musk's comments on AI strategy and near-term uncertainties contributed to the stock's decline. Analysts remain mixed, with Cantor Fitzgerald maintaining an Overweight rating and raising the price target to $510, while Needham reiterated a Hold rating. Tesla's stock is still up over 100% year-over-year.