Tesla's market cap fell below $1 trillion, but it still reflects investors' assumptions of enormous future growth.

Tesla stock climbs July 23 as Q2 earnings near. Musk teases robotaxi rollout, diner launch, and AI pivot amid falling sales and profit.

Tesla stock fell early Thursday following the company’s relatively bland second-quarter earnings report. Investors wanted to hear more new details about more topics, including Tesla’s ambition to become a leader in robo-taxis,

Nelson downgraded the company’s stock to a neutral rating in April. But even some of the Tesla bulls on Wall Street are saying that the time for Musk to take action is running out.

Tesla shares plunged as much as 10% in early trading Thursday as investors digested another dismal quarter of car sales – and CEO Elon Musk’s admission that slump may not end anytime soon.

The recent struggles at Tesla have coincided with increased competition in the electric vehicle (EV) industry, posing a question for analysts: Is Musk partially to blame? Experts who spoke to ABC News acknowledged the surge of EV competition and credited Musk with pushing the company into potential growth areas like humanoid robots and self-driving taxis,