Tesla stock closed at $395.23 on November 20, 2025, down 2.17%, and is trading at $401.75 (+1.65%) pre-market on November 21, 2025. The decline is attributed to ongoing concerns about a pending Delaware Supreme Court ruling on Musk’s 2018 compensation, which could force Tesla to recognize a $26 billion expense—over half its cumulative profits since 2019—if the appeal fails. Retail investors have been actively buying the dip, but recent market reversals have left many with losses. Meanwhile, Tesla’s new Model Y Performance, based on the Juniper platform, has started appearing in U.S. showrooms, offering some product momentum amid broader financial uncertainty.