Tesla TSLA Falls to $298.32, Setting a Fresh 52-Week Low
As seen on the 24/7 Wall St. homepage on July 29, 2026.
Tesla drops to a 52-week low of $298.32 as the EV price war pressure mounts and autonomous driving scrutiny lingers.
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Tesla shares touched $298.32 on July 29, 2026, marking the stock's lowest point over the past 52 weeks and undercutting the prior extreme by 1.42%. The move extends a sharp slide from the chart's peak above $489 reached earlier in the year, illustrating just how much ground the stock has surrendered in a relatively short stretch.
Two persistent headwinds are weighing on sentiment. An intensifying EV price war has squeezed margins across the industry, making it harder for Tesla to defend both volume and profitability at the same time. Regulatory and public scrutiny of autonomous driving technology adds another layer of uncertainty that has kept institutional buyers cautious.
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With the stock now trading near $298, investors will be watching closely to see whether this level draws fresh demand or simply becomes the next step in a deeper decline. The distance from the year's highs to today's print is a reminder of how quickly the narrative around Tesla can shift.
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Mentioned: TSLA