Tesla (TSLA) Revenue Reaches $28.4 Billion but Shares Drop 22%

Published on 9/2/2026 · Source: finance.yahoo.com

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Tesla (TSLA) reported revenue of $28.4 billion for the last quarter, with $20.5 billion coming from car sales. Despite this, Tesla's stock fell 22%, marking it as the weakest member of the 'Magnificent 7' performance group. In comparison, other companies like Apple (AAPL) increased by 17%, Nvidia (NVDA) by 16%, and Amazon (AMZN) by 15%, all outperforming the S&P 500. This decline suggests challenges for Tesla as it continues to position itself as an automaker rather than a tech company, which may concern investors focused on innovation and AI potential.

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