U.S. stocks are drifting lower as Wall Street’s momentum slows after setting record highs in each of the last two days. The S&P 500 dipped 0.3% Tuesday and is on track for its first loss in four days.

A mixed day of trading left the U.S. stock market split, as Wall Street’s momentum slowed after setting record highs in each of the last two days

The company has devoted resources to autonomous driving rather than developing new models to attract car buyers.

Tesla also said that it delivered a total of 384,122 vehicles, including 373,728 Model 3 and Model Y vehicles, as well as 10,394 other vehicles — a 14 percent decline compared to the second quarter of 2024, when it delivered 443,956 vehicles. (For a direct-to-consumer company like Tesla, deliveries are a proxy for sales.)

Global vehicle sales fall 13.5% as the electric- vehicle maker struggles to reverse months of declining sales.

Tesla reported another record plunge in sales Wednesday compared to a year earlier, as brand damage from CEO Elon Musk’s politics and increased competition continued to batter the once fast-growing EV maker.