TeslaTSLA sank more than 8% in Thursday's stock market, giving up key levels, in the wake of second-quarter earnings and CEO Elon Musk's conference call comments. However, Cathie Wood and Ark Invest saw that as an opportunity to buy more of their favorite stock.

Tesla's market cap fell below $1 trillion, but it still reflects investors' assumptions of enormous future growth.

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.

"Tesla is crossing the chasm to autonomy while absorbing slower volume, EV incentive elimination, tariffs and investing in new initiatives that may not make margins for years," Morgan Stanley analyst Adam Jonas, a longtime Tesla bull, wrote early Thursday.

US stock market today saw mixed action as the Dow Jones dropped while the S&P 500 and Nasdaq inched higher, driven by strong Alphabet earnings and cautious outlook from Tesla. Alphabet jumped over 3% after boosting its AI investment,

Investors held onto hopes that the U.S. and Japan’s trade agreement could lead to a tariff breakthrough with other countries, and pushed the S&P 500 and Nasdaq Composite to fresh record highs.

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.

Dow Jones futures rose after surprise economic data. Tesla stock rallied on new plans to launch its robotaxi service.

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.