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Tesla stock drops 5% despite strong battery storage deal, while other EV stocks hold steady.

Market News
23 Jun 2026
24/7 Wall Street
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Bearish
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Tesla's stock fell 5% to $383 amid broader market weakness and investor caution, even as Lucid and Rivian stocks showed more resilience. The decline is notable given Tesla's usual role as a sector bellwether, suggesting company-specific concerns like valuation and growth expectations are at play. Despite the stock drop, Tesla announced a major multi-year battery storage partnership in Europe with NatPower, aiming to deploy over 25 gigawatt-hours and potentially generate $15 billion in revenue over 20 years. This deal highlights Tesla's expanding energy business beyond EVs, offering long-term growth potential that investors may watch closely as market sentiment shifts.

More News (TSLA)

Bitget launches Stock+ enabling direct purchase of real US stocks with crypto assets.

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Bitget has introduced Stock+, a new feature allowing users to buy real US stocks directly using USDC and other digital assets. This innovation bridges crypto and traditional finance by enabling stock ownership through a single platform without interm...

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2 hours ago
US tech and chip stocks plunge, SpaceX briefly dips below IPO price amid global sell-off

US tech and chip stocks plunge, SpaceX briefly dips below IPO price amid global sell-off

US tech and semiconductor stocks fell sharply amid a global market sell-off, with the Nasdaq dropping 1.5% and the S&P 500 down 1%. SpaceX shares briefly fell below their IPO price due to investor concerns over heavy borrowing for AI investments. Maj...

Market News
Bearish
4 hours ago
Tesla and NatPower launch 25 GWh battery storage projects in Europe, aiming for 100 GWh total capacity.

Tesla and NatPower launch 25 GWh battery storage projects in Europe, aiming for 100 GWh total capacity.

Tesla and energy developer NatPower have signed a multi-year deal to deploy over 25 gigawatt-hours of battery storage systems across Italy and the UK, marking the first phase of a larger European program targeting more than 100 GWh capacity. Tesla wi...

Market News
Bullish
6 hours ago
Global tech stocks plunge on memory chip worries and rising interest rate fears ahead of Micron earnings.

Global tech stocks plunge on memory chip worries and rising interest rate fears ahead of Micron earnings.

Global markets saw a sharp selloff led by major chipmakers like Nvidia, Intel, and Samsung amid investor anxiety ahead of Micron's earnings report, a key indicator for AI demand. The Nasdaq dropped 2.8%, and South Korea's Kospi plunged 10% as memory ...

Market News
Bearish
6 hours ago
Tesla's Robotaxi launch in Austin boosts stock 20% over 12 months despite delays and challenges.

Tesla's Robotaxi launch in Austin boosts stock 20% over 12 months despite delays and challenges.

Tesla launched its self-driving Robotaxis in Austin, Texas, on June 22, 2025, sparking a 20% rise in its stock price over the following year. The initial excitement led to significant gains, with shares rising from $327.54 to $393.85 by June 2026. Ho...

Market News
Neutral
7 hours ago
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