Tesla stock fell Tuesday. Analysts remain split on the company’s robo-taxis, while one warns investors not to forget about the car business.Shares of the electric vehicle maker fell 3.9% to $316.28 on Tuesday,

The bulk of Tesla's past stock performance has come from the growth of its EV division. Pioneering the industry, Tesla dominated new EV sales for a few years with its Model 3 and Y concepts, leading revenue to come close to $100 billion and operating income to soar past $10 billion. Now, these figures are all moving in the wrong direction.

After soaring in 2023 and 2024, shares of Tesla (NASDAQ:TSLA) were battered throughout Q1 2025. But since the start of Q2, the largest U.S. EV-maker was beginning to see its shares bounce back nicely.

Tesla stock took a big dip in June as CEO Elon Musk and President Donald Trump argued over pending legislation. Tesla's market share is sinking, but Rivian is not picking up the gains. The markets saw history made earlier this month after President Donald Trump and Tesla (NASDAQ: TSLA) CEO Elon Musk had a disagreement over public policy via social media in front of the whole world.

Shares of electric-car maker Tesla (NASDAQ: TSLA) soared in May, climbing more than 23%. This was far greater than the S&P 500 's 5.5% gain. The sharp move higher helped Tesla recover some of its losses from earlier in the year. Shares wrapped up the month down 14% year to date -- a big improvement from declines of more than 40% earlier this year.