Tesla Falls 8% After Results, Wall Street Closes Mixed

Wall Street ended Thursday's session with mixed sentiment, while Tesla fell more than 8% after reporting second-quarter earnings that disappointed analysts.

Among benchmark indexes, the Dow Jones Industrial Average fell 0.70%, while the Nasdaq Tech Index advanced 0.18%, and the S&P 500 gained 0.07%. Among the most heavily weighted stocks on Wall Street, Tesla stood out, with a significant decline in value.

The electric car maker's revenue fell 16% in the second quarter, falling short of market expectations. The results were released on Wednesday, after the Wall Street closing bell, and investors punished the company's market capitalization, which fell 8.20%. Tesla shares were the most traded during the day, closing near $305.

Alphabet, Google's parent company, also presented results the day before, but investors' conclusions were quite different, with shares rising 1.02%. The 14% revenue growth generated enthusiasm, along with increased investment prospects in AI through 2025. The company now estimates investing $85 billion, according to the figures presented (in February, it was targeting $75 billion).