Tesla Stock Plunges 26% Amid Record Deliveries and Weak Profitability

Tesla's stock took a hit in July, plummeting 26% after the company's Q2 earnings report revealed weak profitability. Despite record quarterly vehicle deliveries of 480,126 units and revenue that handily beat consensus at $28.24B, Tesla's adjusted EPS fell short at $0.33 - a full 35% below analyst expectations.

The stock shed nearly 15% in intraday trading following the report and continued to decline throughout the month, with weekly losses approaching 18%. This comes as Tesla's year-to-date drop now sits between 17% and 29%, depending on the timeframe measured.

One aspect of Tesla's financials that received little attention was its Bitcoin holdings. The company still holds 11,509 BTC, which are valued at approximately $726M to $740M based on early August 2026 pricing. While this represents a significant stash, it didn't seem to have any impact on the stock's performance.