TradingKey – Tesla shares plummeted over 14% post-earnings, breaking below key support at $340, with significant downward pressure ahead.

On July 23, Eastern Time, Tesla ( TSLA) experienced panic selling after the opening bell, plunging sharply during intraday trading to hit a low near $315, and finally closed down 14.52% at $319.69, marking a new low since August 2025.

At the end of December last year, Tesla’s stock price surged close to the $500 mark, peaking at $498.83, breaking the 2024 record of approximately $490 to hit a new all-time high. However, since entering 2026, Tesla’s stock has generally trended downward, falling more than 30% year-to-date.

Tesla’s stock price has steadily weakened over the past seven months. This is not…