Tesla's market cap fell below $1 trillion, but it still reflects investors' assumptions of enormous future growth.

Small caps cooled down after recent hot gains, leading the Russell 2000 down 0.7%. Trading near 2,270, the Russell remains up 1.3% for the week. On the Nasdaq, losers led winners by a 5-to-3 margin. The New York Stock Exchanged chalked up 1,756 stocks down and 1,043 issues up.

Due to Tesla's innovation and diversification, 24/7 Wall St. sees strong upside potential for the stock by the end of the decade.

Tesla is facing stiffer competition globally from electric vehicle players, especially low-cost competitors from China.

Trump’s tariffs and recent trade deals continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

The selloff in Tesla's stock is wiping out nearly $100 billion of the EV maker's market cap, and reducing CEO Elon Musk's wealth by more than $12 billion. Tesla's quarterly 10Q filing showed that there were 3.

TeslaTSLA fell sharply during Thursday's stock market, giving up key support levels, as analysts and investors responded to the EV giant's second-quarter earnings and CEO Elon Musk's comments that Tesla "could have a few rough quarters" without U.