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Tesla stock slides amid margin pressure and valuation concerns, risking a drop to $190 support zone.

Market News
24 Jun 2026
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Bearish
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Tesla's stock fell 5.79% to $381.61, pressured by shrinking tech multiples and margin challenges as global EV pricing tightens. Despite strong Q1 2026 earnings, expanding automotive gross margins, and growth in FSD subscriptions and services, valuation remains stretched with a trailing P/E of 371 and forward P/E of 204. Risks include declining deliveries, collapsing regulatory credits, and slowing energy revenue, while upside depends on successful Robotaxi and Cybercab launches and sustained margin recovery. Analysts target $420.55, but prediction markets see a 70% chance of Tesla hitting $375 by June, highlighting a bearish risk/reward setup at current prices.

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