TSX open
Loading markets…

Advertisement

Stocks

Why Tesla stock plummeted yesterday

By Wealth Awesome -

Follow live quotes and coverage.

Stocks & ETFs:TSLA.US

Get TSLA.US alerts:

Photos provided by Pexels

Tesla's stock took a significant hit as regulatory scrutiny loomed over its latest innovation.

Tesla Inc. (NASDAQ:TSLA) shares fell 5.92% yesterday, closing at CA$354.08, following the announcement of an investigation by the National Highway Traffic Safety Administration (NHTSA) into its newly launched Cybercab.

Advertisement

Tesla Inc

TSLA.US

Full stock page →

TSLA.US

Tesla Inc

Source:WealthAwesomeWealthAwesome
$32.11 (-8.10%)
65 day period
$298.32$361.81$425.30Jun 17Aug 4Sep 18

Market cap

$1.41T

P/E

334.7x

52W high

$498.83

52W low

$297.38

1W change

-2.65%

Beta

1.84

Analyst Price Targets

Based on 47 analysts covering TSLA · as of Sep 17, 2026

📈

Wall Street analysts forecast TSLA stock price to rise 1158.8% over the next 12 months.

Consensus

Hold

3.38 / 5.00

Avg. Target

C$390.09

+1158.8% Upside

Current Price

C$30.99

Last close

Analyst Breakdown (47 analysts)

Strong Buy 14
Buy 7
Hold 16
Sell 3
Strong Sell 7
Compare analyst targets →

Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.

Wealth Awesome Price Forecast

WA Model

Statistical 90-day price range based on TSLA's historical volatility

HistoricalForecast68%95%
C$199.33C$280.87C$362.42C$443.96C$525.51C$607.05TodayJun 17Aug 4Sep 18Oct 31Dec 14Jan 26

30-Day Vol

44.1%

Annualized

90-Day Vol

56.7%

Annualized

Trend (90d)

-12.8%

Annualized drift

90d Mean

C$348.01

Expected price

HorizonExpected68% Range (1σ)
30 trading daysC$358.77C$308.15C$417.70
60 trading daysC$353.35C$284.97C$438.14
90 trading daysC$348.01C$267.42C$452.89

Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.

Advertisement

Investor takeaway: The investigation into Tesla's Cybercab raises concerns about regulatory compliance and safety standards, which could impact the company's future growth prospects.

5.92% Decline

Tesla's shares experienced a notable drop as regulatory concerns over the Cybercab overshadowed recent product launches.

Bull case

If Tesla can successfully navigate these regulatory challenges and expand its robotaxi fleet, it could open up significant revenue and profit opportunities, strengthening its position in the market.

Bear case

The ongoing investigation and competition from established players like Waymo may slow Tesla's growth, increasing volatility and risk for investors.

Advertisement

Regulatory Scrutiny Intensifies

The NHTSA's decision to investigate Tesla's Cybercab has raised alarms among investors, as the outcome could significantly affect the company's ability to operate its robotaxi service. The investigation focuses on whether the Cybercab meets federal safety standards, a critical factor in ensuring consumer trust and regulatory approval.

Market Reaction and Future Outlook

Tesla's stock decline reflects investor concerns about the potential impact of regulatory challenges on the company's ambitious robotaxi plans. With a P/E ratio of 321.89, the market has high expectations for Tesla's growth. However, any setbacks in the rollout of the Cybercab could lead to a reevaluation of its valuation, especially as competition in the autonomous vehicle space intensifies.


Advertisement

Wealth Awesome
Written by

Wealth Awesome

Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.

View Full Profile →

✅ Reviewed by Certified Financial Professionals

This content has been reviewed by CFA® charterholders and Certified Financial Planners (CFP®) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.

Why these credentials matter: CFA® charterholders complete 900+ hours of rigorous study in investment analysis and ethics. CFP® professionals are held to the highest standards of financial planning competency and fiduciary duty in Canada.

📊 Data AccuracyVerified sources
🇨🇦 Canadian FocusLocal expertise
🔍 Fact-CheckedEditorial review

⚠️ Professional Disclaimer

This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.

Published: September 8, 2026
Last Updated: September 8, 2026
PARTNER SPOTLIGHT

Blue Cross Life® Term Life Insurance

Affordable term life coverage in Canada — get a free quote in seconds, no credit card required.

  • Coverage from $100,000 to $5 million, terms of 10–30 years
  • 10% off first-year premiums when couples apply together
  • Fully digital application — many qualify without a medical exam

Sponsored links

Advertisement