The company has poached several AI researchers from OpenAI after investing in AI startup Scale AI and hiring its chief executive

Simply saying Tesla stock is down 21% this year doesn't do justice to the wild ride it's been on. Shares were up 28% in February before rebounding 23% in May. Tariffs, slowing vehicle sales, and Musk's political dealings have been primarily responsible for the volatility.

Tesla (TSLA) is poised to release its second-quarter delivery figures on Wednesday, July 2, with Wall Street anticipating that it will deliver 390,000 vehicles, a sharp decline from 443,956 units in the same period last year.