TESL is trading at $12.92, down 8.51%, as risk-off trading amid escalating Middle East tensions weighs on equities and lifts oil; Brent topped $111 a barrel.
- Tesla’s reduced 2026 capital-spending forecast—about $20 billion, down from more than $25 billion—added pressure on growth sentiment and TESL’s move.
- Broader weakness in U.S. equity futures and doubts about the AI trade reinforced the selloff.