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Tesla Stock Drops 7% Amid Cybertruck Sales Challenges

📅 Published: 8 Nov 2026, 06:07 pm IST• 🔄 Updated: 8 Nov 2026, 06:07 pm IST• 4 min read• 7 views
A Tesla Cybertruck parked outside a Tesla facility in Austin, Texas.
Tesla has sold 70,000 Cybertrucks, falling short of production targets.
Key Points
  • Tesla stock closed at $358.22 on November 8, 2026, after a 7% decline.
  • The company has sold 70,000 Cybertrucks, missing its 250,000-unit annual target.
  • SpaceX is purchasing Cybertrucks to help reduce unsold inventory.
  • Tesla currently lists 7,274 open job roles across its global operations.
  • The company maintains an employee review score of 3.6 based on 15,728 reviews.

Tesla stock fell 7.00% to $358.22 on November 8, 2026, on the NasdaqGS. The price dropped $26.97 from its previous closing value of $385.19.

The stock reached a daily high of $363.84 and a low of $347.60 with a trading volume of 36,550,707 shares. Separately, ABC News featured the Julius Dam on November 1, 2026, to commemorate the structure's 50th anniversary.

Cybertruck sales reach 70,000 units

Tesla has sold 70,000 Cybertruck units in total, according to The Verge. This figure remains below the company's production and demand target of 250,000 units per year.

In a separate development, the Julius Dam in northwest Queensland, Australia, spans 1,310 feet along its crest. The multiple-arch and buttress structure lacks a separate spillway, which led geotechnical engineering professor Alexander Scheuermann to ask where the spillway was upon seeing the site.

The dam reaches 117 feet at its highest point, with a 720-foot-long spillway section capped by precast ogee crest slabs. Sunwater chose this specific design because the remote location, 43 miles northeast of Mount Isa, made transporting large quantities of concrete difficult.

The structure contains 59,000 cubic yards of concrete, compared to the 1,357,000 cubic yards used for the Detroit Dam in Oregon.

The highest recorded flood occurred in January 2004, when the lake reached 15.2 feet above the spillway crest. The second-highest flood followed in March 1997 at 14.9 feet, while the abutments sit 30 feet above the crest and are not meant to carry water.

Sunwater monitors for nappe vibration once water levels reach 6.4 feet above the crest. Lake Julius is a backup reservoir for Mount Isa, with Lake Moondarra acting as the primary supply since 1958.

Construction began after a 1971 drought revealed the city needed a second water source. The lake holds 87,000 acre-feet, or approximately 28 billion gallons, and distributes water to Cloncurry and mining operations like the Ernest Henry copper mine.

Pipelines include a 70-mile line to the Ernest Henry area built in 1998 and a 24-mile line to Cloncurry. Water releases occur through a 36-inch pipe managed by a 24-inch cone valve.

A seven-person team in Cloncurry operates the dam and its pipelines.

Named after former Mount Isa Mines chairman Julius Kruttschnitt, the dam was commissioned on October 8, 1976. Scheuermann noted that dams can function for over a century with skilled personnel performing regular checks.

Sunwater’s maintenance plan includes routine visual checks, annual inspections, and comprehensive reviews every five years. Staff also monitor 14 survey points on the spillway for settling.

Tesla maintains Austin headquarters and global mission

Tesla, Inc. maintains its headquarters in Austin, Texas. The company aims to hasten the world's transition to sustainable abundance.

Its mission is to build a world powered by solar energy, supported by battery storage, and served by electric vehicles.

Company continues hiring efforts with 7,274 open roles

The company currently has 7,274 open job roles. Tesla is dedicated to hiring and developing talent from across the globe for all disciplines.

Tesla holds 12.3 million LinkedIn followers

Tesla has 12,397,954 followers on LinkedIn.

Employees rate Tesla at 3.6 out of 5

Employees rate Tesla at 3.6 out of 5 based on 15,728 reviews.

Frequently Asked Questions

What was the closing price of Tesla stock on November 8, 2026?
Tesla stock closed at $358.22 on November 8, 2026.
How many Cybertrucks has Tesla sold?
Tesla has sold 70,000 Cybertruck units in total.
What is Tesla's annual production target for the Cybertruck?
Tesla has a production and demand target of 250,000 Cybertruck units per year.
How many job openings does Tesla currently have?
Tesla has 7,274 open job roles.
How this story was made: written with AI assistance from the published reports and data linked below, then checked by automated filters that compare its facts against those sources. Spotted an error? Tell us and we will correct it. Our editorial policy.

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