Tesla shares declined approximately 13.5% on 23 July 2026 following the Q2 2026 earnings release, which disclosed weak profit guidance and elevated capital expenditure directed at AI and robotics initiatives [Brief - 2026-08-04]. The single-day move contributed to a roughly 27% year-to-date drawdown in the share price as of mid-August 2026 [Brief - 2026-08-15]. Broader technology sector volatility was also present during this period, with Meta Platforms declining nearly 9% and Microsoft gaining 8% on 30 July 2026 following their respective Q2 earnings releases [Brief - 2026-08-12].
Tesla's trailing twelve-month revenue stood at $103.6 billion as of 30 June 2026, representing 25.5% year-over-year growth, while net income reached $3.8 billion over the same period [SEC 10-Q - TSLA - 2026-06-30]. Gross margin was recorded at 18.85% and operating margin at 4.22%, with a net margin of 3.67% [SEC 10-Q - TSLA - 2026-06-30]. EPS declined 3.03% year-over-year, while the P/E ratio stood at 336.63 against a market capitalisation of approximately $1.44 trillion [SEC 10-Q - TSLA - 2026-06-30]. The company held $15.2 billion in cash against $9.1 billion in total debt [SEC 10-Q - TSLA - 2026-06-30].
Two insider transactions were recorded in September 2026, with net activity in the selling direction totalling approximately $938,000 in disposed value [SEC Form 4 - TSLA - 2026-09]. At the institutional level, Citadel reduced its TSLA position by 11% and Millennium Management reduced its position by 27% [SEC 13F - Citadel - Q2 2026; SEC 13F - Millennium - Q2 2026]. Conversely, AQR Capital added 33% to its existing position, Soros Fund Management increased its position by 64%, and D1 Capital opened a new position in the stock [SEC 13F - AQR Capital - Q2 2026; SEC 13F - Soros Fund Mgmt - Q2 2026; SEC 13F - D1 Capital - Q2 2026].
The 10-year US Treasury yield stood at 4.83% and the 2-year yield at 4.39% as of the report generation date, producing a normal yield curve spread of 44 basis points [FRED DGS10; FRED DGS2]. This report was generated in response to material institutional position changes across multiple prominent fund managers during the most recent 13F reporting period.