Tesla Is Down 25% in 2026: How Does It Compare to EV Competitors Like Rivian, Lucid, and General Motors?

The article frames Tesla’s 25% year-to-date decline as part of a broader de-rating in pure-play EV stocks, contrasted with the resilience of legacy automakers and the broader market. Tesla is down 25% in 2026 and Rivian is also down 25%, while Lucid is down 41%; by comparison, General Motors is up 3% to 4% and the Nasdaq-100 proxy QQQ is up about 17% to 19% year to date. The piece argues the selloff is driven less by a broad tech downturn and more by EV-specific pressure, including elevated long-term Treasury yields above 5.3% and investor scrutiny of AI-related capital commitments. The market implication is a continued valuation reset for high-multiple growth names, especially cash-burning EV manufacturers, unless rates ease or company-specific catalysts improve sentiment.