On October 16, 2025, Tesla (TSLA) shares are down 3.02% to $422.00, underperforming the broader market, which is also lower (S&P 500 -0.96%, NASDAQ -1.05%, Dow -0.85%). There is no major company-specific news or announcement today; the decline appears primarily driven by broader market sentiment and profit-taking after a strong recent rally. Tesla’s stock has been volatile, with a 5.42% gain on October 13, 2025, followed by a 5.06% drop on October 10, 2025, reflecting ongoing investor debate over valuation and anticipation for the Q3 2025 earnings report scheduled for October 22, 2025. Analysts remain divided: some see upside from Tesla’s AI and autonomy narrative and strong Q3 deliveries (over 490,000 units), while others caution about stretched valuations and the need for tangible progress in Robotaxi and Full Self-Driving initiatives to justify the premium. Today’s move is consistent with the moderate sell-off in tech and growth stocks, with no Tesla-specific catalyst identified in major financial news outlets.