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Tesla Shares Drop 2.13% as Roadster Hype Fades Before Earnings

10/17/2026

Tesla (TSLA) shares closed at $354.72 on Tuesday, a decline of 2.13%, as investor focus shifted away from the company's recent Roadster reveal and toward its upcoming earnings report.

The stock finished trading on the Nasdaq at 4:00 PM ET. Volume reached 61.6M shares, coming in about 64% above its three-month average of 37.5M shares.

The broader market mirrored the weakness in the electric vehicle sector, with the S&P 500 (^GSPC) ending at 7,661, down 1.07%, and the Nasdaq Composite (^IXIC) closing at 26,140, down 2.15%.

Peers in the EV and energy storage space also saw significant declines, with Rivian Automotive (RIVN) falling 4.61% to $12.42 and Lucid Group (LCID) dropping 10.57% to $3.13.

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