After soaring in 2023 and 2024, shares of Tesla (NASDAQ:TSLA) were battered throughout Q1 2025. And while the stock performed marginally better in Q2, the largest U.S. EV-maker slid into Q3. However,

Ross Gerber told BI that "there's nothing good for Tesla" in Trump's budget bill, and the stock should be trading more in line with mega-cap peers.

Tesla's share price closed Thursday's session following the announcement of its June quarter results 8.20% lower at $305.30. Following the sharp selloff yesterday, Tesla's market capitalisation also declined $984.

Tesla stock lost 8.2%, closing at $305.30 on Thursday, while the S&P 500 rose 0.1% and the Dow Jones Industrial Average fell 0.7%.

Tesla shares were down about 6% in pretrading on Thursday after reporting a 12% decline in revenue year-on-year. Alphabet jumped 3%.

Tesla (TSLA) stock came under pressure Thursday after it posted an earnings and revenue miss in the second quarter and CEO Elon Musk hinted at a "few rough quarters" amid mounting challenges for the automaker.

Elon Musk believes $20 trillion valuation for Tesla is possible despite recent sales decline. Analysts maintain bullish views on the company.

Elon Musk is making bold robotaxi pronouncements and foresees Optimus robot production this year. And he wants more Tesla stock.

Tesla (NASDAQ:TSLA) stock took a beating on Thursday after the automaker released its second-quarter 2025 earnings report. The stock has staged swift comebacks in the past. So, traders might wonder whether TSLA stock can get back to its previous short-term peak of around $400.