Tesla shares closed at about $367 on Wednesday, Oct. 14, 2026, down roughly 2.1% from Tuesday's $375.23 close, according to market data from Exa. The stock opened near $371, never got above $371.39, and hit a low of $363.82 before a late bounce. Closing figures in the data snapshots we checked ranged from $367.16 to $367.28, so treat the last few cents as preliminary.
There wasn't much Tesla-specific news behind the drop. It came on a bad day for big tech, set off by the morning's inflation report.
What moved the market
The Bureau of Labor Statistics said the Consumer Price Index rose 0.6% in September, in line with forecasts. But the year-over-year rate came in at 3.7%, against 3.6% expected and 3.4% in August, CoinDesk reported. Core CPI, which leaves out food and energy, rose 0.3% for the month versus 0.2% expected, and 2.6% from a year earlier versus 2.5% expected.
That shifted bets on the Federal Reserve. After the report, traders priced in a 44% chance of a rate hike at the Fed's Oct. 27–28 meeting, according to CME FedWatch data cited by CoinDesk. The 10-year Treasury yield briefly jumped above 5.33% before easing as money moved out of stocks and into bonds.
By mid-afternoon the Nasdaq was down more than 2%, and every "Magnificent Seven" stock except Apple was lower. Nvidia and Meta were off 3.3%, and Tesla was down as much as 2.7% at that point before trimming the loss into the close.
Why it matters for Tesla owners and shoppers
Navy Federal Credit Union chief economist Heather Long called it "a rough September inflation report" and said "the energy shock is spreading," pointing to jumps in airfares and used-car prices as well as fuel. Economist Daniel Lacalle shared a chart showing gasoline up 34.2% from a year earlier. Expensive gas usually helps the case for buying an EV. Higher interest rates work the other way, because they make car loans and leases cost more. Tesla buyers who are financing should watch the Fed's late-October decision.
Musk weighed in on a related selloff. When CoreWeave fell about 15% on worries about its debt, he posted "Yikes," then added that "getting money to build complex hardware systems with massive power, cooling & networking is not the same as doing it." That's worth noting for investors following Tesla's own AI compute spending.
The week ahead
Wednesday's close leaves TSLA about 4% below the $382.70 it closed at on Friday, Oct. 9. Tesla also still faces a federal regulator's early-stage review of claims that its robotaxis speed through active school zones. NHTSA says it hasn't decided whether to open a full investigation.
Two events come next. Tesla's Roadster event streams Thursday, Oct. 15, at 7:55 p.m. Central. Third-quarter results follow after the close on Wednesday, Oct. 21. For where Wall Street stands going in, see our roundup of named-analyst price targets. The averages differ by tracker, with S&P Global data via StockAnalysis at $396.57 and MarketBeat at $412.19 as of Oct. 10.
This is news coverage, not investment advice.