NEW YORK — Tesla shares wrapped up a holiday-shortened trading week on a softer note, and with U.S. markets closed Friday for the Independence Day observance and dark again through the weekend, Thursday's session stands as the last word on $TSLA until Monday.
Tesla (NASDAQ: TSLA) finished Thursday, July 2, at $394.04, down 7.3% on the day — a move of $31.26 — even though that same morning delivered one of the strongest quarterly scorecards in the company's history. The pullback looked less like a verdict on the business and more like a textbook case of traders taking profits after a powerful run into the print, a pattern long-time Tesla delivery watchers have seen before.
A Classic "Sell the News" Day
Tesla reported 480,126 second-quarter deliveries, crushing a Wall Street consensus near 406,000 and marking the company's first year-over-year delivery growth in two years. The catch for the tape was timing: $TSLA had already climbed roughly 10% during the week leading into the report, so much of the good news was arguably priced in by the time the official number landed.
The broader market did Tesla no favors either. The Nasdaq Composite slipped about 0.8% on Thursday amid a mixed U.S. jobs picture and profit-taking across megacap tech, leaving little cushion for a high-beta name like Tesla to lean on.
The Tape in Numbers
At Thursday's close, $TSLA sat at $394.04, roughly 7% below the prior session and inside a 52-week range of $288.77 to $498.83, with a market capitalization near $1.6 trillion. Sister ticker $SPCX — the newly public SpaceX, which now houses xAI — closed the same session at $162.00, up 2.8%, within its own 52-week band of $147.11 to $225.64. Investors tracking the pair can pull live quotes on Yahoo Finance, Google Finance, WSJ and Nasdaq.
