The stock market closed mixed on Tuesday, with S&P 500 and NASDAQ closing lower. The two major indices were dragged down by a selloff in technology stocks.
Overall, S&P 500 fell 0.6% to 6,411, while NASDAQ dropped 1.5% to 21,315.
Tweet of the Day
Yes! Btw Tesla stock is in a cup-and-handle chart formation. If it closes above $360 that would be bullish and the stock might go higher. $TSLA https://t.co/MyqjCE7jKN pic.twitter.com/gxe3I4LKAL
— David Sharek (@GrowthStockGuy) August 20, 2025
Chart of the Day
Here is the one-year chart of Tesla (TSLA) as of July 25, 2025, when the stock was at $316.
Tesla has successfully launched its Robotaxi service and has already provided full driverless rides for the first time in Austin. The company was also able to deliver a car completely autonomously, directly from the factory to a customer’s home.
Elon Musk added that Tesla has expanded its service area in Austin and expects to significantly increase its coverage well beyond what competitors can offer. Management stated the company expects to receive regulatory approval to launch in the Bay Area, Nevada, Arizona, Florida, and several other regions, enabling autonomous ride-hailing across most of the country. Management is confident that both service areas and the number of vehicles in operation will grow at a hyper-exponential rate.
Tesla’s goal is to reach half of the U.S. population by the end of the year.
TSLA is part of our Growth Portfolio and Aggressive Growth Portfolio.
