# Tesla stock was down nearly 4.5% in Friday’s trading.

*robotics, business · news · 2026-05-16 · Markets Insider*

## Key points

- The Tesla Semi addresses a less-contested market segment separate from Tesla's traditional EV market.
- Corporations have placed large orders for the Tesla Semi despite its higher price versus diesel trucks.
- Australian federal judge criticized Tesla for producing only 2,000 documents in an eight-month lawsuit discovery.
- The class action lawsuit in Australia alleges Tesla misled consumers about battery range and self-driving claims.

**Companies:** Tesla
**Countries:** Australia, United States

[Read the full story on Markets Insider](https://markets.businessinsider.com/news/stocks/the-semi-may-be-a-huge-deal-for-trucking-tesla-stock-nasdaq-tsla-plunges-1036165748)

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