Tesla (NASDAQ:TSLA) stock took a beating on Thursday after the automaker released its second-quarter 2025 earnings report. The stock has staged swift comebacks in the past. So, traders might wonder whether TSLA stock can get back to its previous short-term peak of around $400.

Tesla posted second-quarter earnings that missed analysts' expectations as sales fell for the second straight quarter.

Tesla's valuation gains today follow a bigger sell-off in yesterday's trading that was spurred by disappointing second-quarter results and comments from management suggesting that performance headwinds could continue in the near term. The company's share price has seen some big swings in 2025, and is down roughly 21% year to date with today's pop.

Tesla shares plunged after the electric vehicle maker reported disappointing second-quarter results. - The Direxion Daily TSLA Bull 2X Shares (TSLL), which delivers double the daily return of Tesla, was hit especially hard,

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