TeslaTSLA fell sharply during Thursday's stock market, giving up key support levels, as analysts and investors responded to the EV giant's second-quarter earnings and CEO Elon Musk's comments that Tesla "could have a few rough quarters" without U.

Tesla (NASDAQ: TSLA) closed down 8.2% at $305.30 on Thursday, retreating sharply after CEO Elon Musk's cautionary earnings commentary about "rough quarters ahead" amid macroeconomic and electric vehicle (EV) demand uncertainties.

Due to Tesla's innovation and diversification, 24/7 Wall St. sees strong upside potential for the stock by the end of the decade.

Live Updates Live Coverage Updates appear automatically as they are published. Tesla's Segment Revenue Heading Into Q2 1:17 pm Tesla’s growth narrative hinges on more than just car sales. This table shows how each business line contributes to revenue and margin — giving investors a clearer view of the company’s diversification and profitability mix.

Stock market today sees S&P 500 near record highs as Alphabet rises 3.5% and Tesla slides. Dow drops on IBM miss.

Trump’s tariffs and recent trade deals continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

The selloff in Tesla's stock is wiping out nearly $100 billion of the EV maker's market cap, and reducing CEO Elon Musk's wealth by more than $12 billion. Tesla's quarterly 10Q filing showed that there were 3.

The Dow Jones index dropped Thursday amid a surprise fall in weekly jobless claims. Netflix struck a key IBD sell rule.