Tesla Stock Plunges 26% in July Amid Earnings Miss

Tesla's stock took a significant hit in July, plummeting 26% after the company's Q2 2026 earnings report revealed weaker-than-expected profits. Despite delivering a record 480,126 vehicles and beating revenue expectations with $28.24 billion, Tesla's adjusted earnings per share came in at just $0.33, a full 35% below analyst projections of $0.51.

The stock initially shed nearly 15% in intraday trading on July 22 after the earnings release, and things only got worse from there. By the end of the month, Tesla's year-to-date drop sat between 17% and 29%, depending on the timeframe measured.

Tesla still holds a significant stash of Bitcoin on its balance sheet, with 11,509 BTC worth approximately $726M to $740M at early August 2026 pricing. However, this exposure had little impact on the stock's performance, suggesting that investors care more about automotive margins and AI roadmaps than digital asset strategy.

The company's heavy spending to maintain growth is likely contributing to its weak earnings, with a focus on expanding production and investing in new technologies such as AI and robotics. For now, Tesla's Bitcoin position will continue to sit quietly in the background, neither helping nor hurting the company's stock price.