TSLA · PEAD ↓ 100

Tesla reported Q2 2026 EPS of $0.04 on 2026-07-22, missing the $0.32 consensus by $0.28 (−87.5%).

Print-day reaction was −1.3% versus the prior close, a modest initial fade given the severity of the EPS miss. The overnight gap to the T+1 open collapsed a further −8.8%, signalling sustained selling pressure well after the close. Over the following two trading sessions the stock drifted an additional −3.3%, extending losses with no meaningful stabilisation. Cumulative abnormal return of −17.2% versus SPY.US places this firmly in PEAD short territory; per the documented drift pattern, the read holds through 2026-10-19.