Tesla shares took a hit during after hours trading, sliding more than three percent to settle at 373.65 dollars. The dip comes on the heels of a third quarter earnings call that left many investors feeling uneasy about the company’s immediate trajectory. While the electric vehicle giant continues to dominate headlines, its latest financial figures suggest a period of stagnation rather than the explosive growth shareholders have come to expect.

The primary driver behind the sell off was a disappointing revenue report which came in flat year over year at 28.05 billion dollars. This figure missed Wall Street expectations, signaling that the company may be hitting some friction in its scaling efforts or facing stiffer competition in the global EV market. For a firm often valued more like a high growth tech startup than a traditional automaker, stagnant revenue is rarely viewed favorably by the street.

Adding to the volatility is a growing sense of wariness regarding potential ties between Tesla and Elon Musk’s aerospace venture, SpaceX. Speculation surrounding possible merger talks or deeper structural integrations has created an air of uncertainty among traders who fear such a move could distract from Tesla’s core automotive mission or complicate its corporate governance. As these rumors swirl alongside mediocre financials, investors seem increasingly hesitant to bet on another rapid climb for the stock price.