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Summary
Tesla (TSLA) closed at $403.30 on October 29, 2026, down 0.23%, while the Nasdaq Composite fell 1.38%.
Barron's tied the pressure on tech stocks, Tesla included, to Alphabet's disappointing third-quarter numbers.
SpaceX merger talk and a Seoul court ruling on FSD refunds stayed in focus, with no merger terms agreed.
Gotrade News - In the latest Tesla stock news, shares of Tesla (TSLA) closed at $403.30 on Thursday, October 29, 2026, down $0.92 (-0.23%). Tesla stock slipped far less than the Nasdaq Composite, as Barron's tied the pressure on tech names to Alphabet's disappointing third-quarter results.
TSLA Trading Data
Data
Value
Closing price
$403.30
Change
-$0.92 (-0.23%)
Previous close
$404.22
Open
$405.63
Day range
$400.50 to $406.98
Volume
22.9 million shares
30-day average volume
37.4 million shares
52-week range
$297.38 to $498.83
Market cap
$1.59 trillion
Regular-session close on Thursday, October 29, 2026, 4:00 p.m. New York time. Stock prices: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Volume and 30-day average volume: Nasdaq.com. 52-week range: Yahoo Finance daily highs and lows since October 30, 2025. Indices and the 10-year Treasury yield: Yahoo Finance daily closes for the same date.
Tesla opened at $405.63 and traded between $400.50 and $406.98 before settling $2.80 above its session low. Volume came in at 22.9 million shares, 38.80% below the 37.4 million-share average, making it a lighter session than usual.
The broader market was weaker. The Nasdaq Composite fell 1.38% to 26,184.72, the S&P 500 lost 0.30% to 7,720.39 and the Dow Jones Industrial Average slipped 0.25% to 52,342.56, so Tesla finished 1.15 percentage points ahead of the Nasdaq. Large technology names split: Alphabet (GOOGL) dropped 12.64% and Amazon fell 4.25%, while Nvidia lost 0.80% and Meta Platforms gained 1.96%. SpaceX (SPCX) eased 0.92%, and the US 10-year Treasury yield closed at 4.99%, down 5.6 basis points.
The close leaves Tesla 19.15% below its 52-week high of $498.83 and 35.62% above its 52-week low of $297.38.
Financial media tied the small dip to a sector-wide pullback rather than to Tesla news of its own. According to Barron's, Tesla was dragged down by weakness in Alphabet, as many tech stocks were weak after Google's parent company reported disappointing third-quarter numbers.
Merger talk stayed in the background. As reported by 24/7 Wall St., Elon Musk said on SpaceX's third-quarter earnings call on October 20 that combining SpaceX and Tesla would be "a good idea," while warning that a Tesla vote would need "a 50% vote of all shares, not just those who vote," which he called "quite a high hurdle." Both companies have formed special committees of independent directors, and the committees have not agreed on terms, the report said.
On the legal front, GuruFocus reported that a Seoul district court rejected a complaint from 88 Tesla owners seeking refunds for the company's Full Self-Driving software. The judges said Tesla was obliged to provide additional functions only if the technology advanced and regulators approved, according to the report.
TSLA Stock Analysis: Supporting Factors and Risks
Supporting Factors
The Seoul verdict supports Tesla's position that Full Self-Driving was not sold as guaranteed fully autonomous driving, GuruFocus noted.
Per TIKR, active FSD subscriptions rose to 1.74 million from 1.04 million in the third quarter, and the car backlog reached a four-year high.
Tesla closed 1.15 percentage points ahead of the Nasdaq Composite in a session of broad tech selling.
Risks
Third-quarter GAAP net income fell to $787 million from $1.37 billion, and free cash flow dropped to $1.53 billion from $3.99 billion, according to TIKR.
No terms exist for a SpaceX combination, and a Tesla vote would need a majority of all outstanding shares, per 24/7 Wall St.
FSD refund disputes in China and possible US lawsuits over how Tesla markets the software are still pending, GuruFocus reported.
TIKR lists Tesla's annual shareholder meeting for December 3, with no merger item on its agenda.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
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M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
Hendrie Saputra holds a Master of Business Administration (MBA) with a concentration in Business Risk & Finance, along with professional experience in finance, marketing, and project management. He is experienced in analyzing market data and developing research-driven business strategies.
