Tesla Could Sink to $100 as Q2 Earnings Drop 18% and Nasdaq Nears Bear Market
Updated
Updated · The Motley Fool · Jul 27
Tesla Could Sink to $100 as Q2 Earnings Drop 18% and Nasdaq Nears Bear Market
2 articles · Updated · The Motley Fool · Jul 27
Summary
$100 is the downside target outlined for Tesla if the Nasdaq-100 falls 20% into a technical bear market, with the stock already down to about $310 from last year's $498 high.
Q2 results sharpened that risk: Tesla delivered 480,126 vehicles, up 25%, but lower average selling prices squeezed margins and drove adjusted earnings per share down 18%.
Tesla still trades at 288 times trailing earnings—about eight times the Nasdaq-100 tech index's 33.4 P/E—leaving the stock especially exposed if profits keep weakening.
380,000 driverless miles across six cities show progress in Tesla's robotaxi push, but Waymo already logs more than 500,000 paid autonomous trips a week in 11 U.S. cities.
That gap leaves investors weighing long-term upside from Cybercab and Optimus against a rich valuation and a broader tech selloff that previously sent Tesla shares to $100.