Ross Gerber told BI that "there's nothing good for Tesla" in Trump's budget bill, and the stock should be trading more in line with mega-cap peers.

Tesla stock fell early Thursday following the company’s relatively bland second-quarter earnings report. Investors wanted to hear more new details about more topics, including Tesla’s ambition to become a leader in robo-taxis,

Elon Musk believes $20 trillion valuation for Tesla is possible despite recent sales decline. Analysts maintain bullish views on the company.

Tesla shares were down about 6% in pretrading on Thursday after reporting a 12% decline in revenue year-on-year. Alphabet jumped 3%.

Tesla stock has pared some of its early 2025 losses, but a now rocky relationship between CEO Elon Musk and President Trump is taking its toll on the optimism that fueled the company's late-2024 run.

Tesla's share price closed Thursday's session following the announcement of its June quarter results 8.20% lower at $305.30. Following the sharp selloff yesterday, Tesla's market capitalisation also declined $984.

Elon Musk is making bold robotaxi pronouncements and foresees Optimus robot production this year. And he wants more Tesla stock.

Tesla (NASDAQ:TSLA) stock took a beating on Thursday after the automaker released its second-quarter 2025 earnings report. The stock has staged swift comebacks in the past. So, traders might wonder whether TSLA stock can get back to its previous short-term peak of around $400.