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Tesla stock plunged 18% in its worst week since 2022 over concerns about Elon Musk's robotaxi and AI investments.

Market News
29 Jul 2026
Jeremy Bowman
View Source
Bearish
Tesla stock plunged 18% in its worst week since 2022 over concerns about Elon Musk's robotaxi and AI investments.

Tesla's stock fell 18% last week, marking its steepest weekly decline since 2022. Investors reacted negatively to CEO Elon Musk's plans to invest heavily in robotaxi technology and artificial intelligence, raising doubts about near-term profitability. This sell-off reflects growing skepticism about the company's ambitious spending on futuristic projects. Market watchers will be closely monitoring Tesla's next moves and financial updates for signs of recovery or further risk.

More News (TSLA)

Anthropic researcher warns AI has >10% chance to kill all humans within a decade amid safety concerns.

Anthropic researcher warns AI has >10% chance to kill all humans within a decade amid safety concerns.

An Anthropic safety researcher stated there is more than a 10% chance that AI could kill all humans within the next decade, highlighting serious concerns about AI safety and control. Another Anthropic employee resigned, accusing AI labs like Anthropi...

Market News
Bearish
6 hours ago
Tesla Cybercabs face safety concerns as pranksters repeatedly stop driverless taxis in Austin.

Tesla Cybercabs face safety concerns as pranksters repeatedly stop driverless taxis in Austin.

A viral video shows a man repeatedly jumping in front of a Tesla Cybercab, causing it to brake suddenly multiple times. This raises concerns about the vulnerability of Tesla's new fully autonomous robotaxis, which lack steering wheels and manual cont...

Market News
Bearish
16 hours ago
Uber stock drops 4% as Tesla's robotaxi progress in Europe and US sparks competition fears

Uber stock drops 4% as Tesla's robotaxi progress in Europe and US sparks competition fears

Tesla's stock rose 4% following Slovenia's approval of its Full Self-Driving system and the launch of the Cybercab, a vehicle designed for autonomous ride-hailing. This progress threatens Uber, whose shares fell 4%, despite strong Q2 2026 results sho...

Market News
Bearish
17 hours ago
Intel stock jumps 20%, upgraded to 'Outperform' with $120 target on AI growth and Terafab project.

Intel stock jumps 20%, upgraded to 'Outperform' with $120 target on AI growth and Terafab project.

Intel's stock surged nearly 20% recently, prompting Northland Securities analyst Gus Richard to upgrade it from 'Market Perform' to 'Outperform' with a $120 price target. The upgrade is driven by Intel's strong pricing power, major capital investment...

Analyst Insights
Bullish
19 hours ago
Most U.S. drivers overpay for insurance as two-thirds subsidize high-mileage drivers, says Lemonade CEO.

Most U.S. drivers overpay for insurance as two-thirds subsidize high-mileage drivers, says Lemonade CEO.

Daniel Schreiber, CEO of Lemonade, highlights that about two-thirds of U.S. drivers pay more than they should because they drive less than average and end up subsidizing the highest-mileage third. Lemonade uses telematics and machine learning to pric...

Market News
Bullish
22 hours ago
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