Tesla is trading at €272.30 (-3.49%) following a sharp selloff triggered by its Q2 earnings report, which showed that record sales were overshadowed by weaker profits.
- Investor sentiment has been dampened by concerns over narrowing margins and the company's ambitious $25 billion in spending bets.
- Shares previously cratered as much as 15.5% on July 23–24 as analysts questioned the timeline for returns on heavy capital expenditures.
- The current move reflects ongoing market skepticism regarding the balance between aggressive growth spending and short-term profitability.