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Tesla stock down 20% in 2026; Rivian and Lucid shares fall even more amid EV market pressure.

Market News
01 Oct 2026
24/7 Wall Street
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Bearish
Tesla stock down 20% in 2026; Rivian and Lucid shares fall even more amid EV market pressure.

In 2026, Tesla stock has dropped 20%, while smaller EV makers Rivian and Lucid have seen steeper declines of 24% and 60% respectively. This trend highlights Wall Street's preference for investing in EV technology layers like autonomous driving and batteries, rather than vehicle manufacturers themselves. Tesla's broader business in energy storage and solar panels offers some resilience compared to its rivals. Investors should watch if Lucid's steep slide stabilizes and consider that even Tesla lags behind broader market ETFs this year.

Tesla shares are trading at USD 357.58 with a slight gain of 0.78% on Pluang. Rivian and Lucid are priced at USD 14.86 and USD 4.17 respectively, with Lucid showing a 2.33% increase today. These figures are current as of Oct 02, 2026 02:31 WIB.

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