Sunrun, Tesla Fleets Of Home Batteries Provided 580 Megawatts Of Peak Power In California On Sept. 9

Stock Market Today, Oct. 16: Tesla Slips 2% as Roadster Reveal Fades Before Earnings

Tesla stock fell 2.13% on October 16, 2026, as investors moved past the Roadster reveal featuring SpaceX thrusters and shifted focus to upcoming Q3 earnings. The Roadster demo sparked SpaceX-Tesla merger speculation, with prediction markets showing 56% odds of a deal. Broader market weakness also affected EV peers Rivian and Lucid.

Semis And Bonds At Inflection Points; Bonds Become Correlated With AI Trade; Musk Shows Flying Roadster

Inflection Points Please click here for an enlarged chart of Direxion Daily Semiconductor Bull 3X ETF (NYSE:SOXL). Note the following: Semiconductors reflect the AI trade, and SOXL is the momo crowd’s

Tesla shares reversed earlier gains from the company’s Roadster unveiling and are trading lower, with the vehicle not expected to ship until 2028, amid a broader tech selloff driven by rising Treasury yields and AI-related jitters.

Tesla's Flying Roadster Sends Delivery Odds Tumbling Despite Spectacular Demo

Roadster delivery odds fell from 33% to 14% after Elon Musk said production would not begin until 2028.