"Tesla is crossing the chasm to autonomy while absorbing slower volume, EV incentive elimination, tariffs and investing in new initiatives that may not make margins for years," Morgan Stanley analyst Adam Jonas, a longtime Tesla bull, wrote early Thursday.

The electric vehicle revolution has created massive winners, but the next decade could see a dramatic reversal of fortunes. One overlooked giant is already laying the groundwork.

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

US stock market today saw mixed action as the Dow Jones dropped while the S&P 500 and Nasdaq inched higher, driven by strong Alphabet earnings and cautious outlook from Tesla. Alphabet jumped over 3% after boosting its AI investment,

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The Dow Jones index rose after surprise economic data. Tesla stock rallied on new plans to launch its robotaxi service.

Tesla reported its Q2 earnings, which most investors already believed would show signs of continued decline of its core business. However, judging how the market would react was a

Tesla's valuation gains today follow a bigger sell-off in yesterday's trading that was spurred by disappointing second-quarter results and comments from management suggesting that performance headwinds could continue in the near term. The company's share price has seen some big swings in 2025, and is down roughly 21% year to date with today's pop.

Stock market today sees S&P 500 near record highs as Alphabet rises 3.5% and Tesla slides. Dow drops on IBM miss.

Tesla is facing stiffer competition globally from electric vehicle players, especially low-cost competitors from China.

Tesla's market cap fell below $1 trillion, but it still reflects investors' assumptions of enormous future growth.

Tesla, Inc. (TSLA) is a leading American electric vehicle (EV) and clean energy company headquartered in Austin, Texas. Valued at $940.6 billion by market cap, Tesla designs, manufactures, and sells electric cars,