Alphabet just had the worst day in its history as a public company. The Waymo parent sank 12.64% to $283.82 on Thursday after a third-quarter miss and a deeper cash burn, and the Nasdaq Composite fell 1.38% with it. Tesla barely blinked. It slipped 0.23% to $403.30, held above $400 for a third straight close, and is still up 7.67% over five sessions. Mobileye fell 9.21% on its own report, while Ford (+3.43%) and GM (+3.93%) had a genuinely good day. In Tokyo, Advantest jumped 6.01% after raising its outlook, and the Nikkei 225 added 705.28 points to 64,659.47.
The top take
- Alphabet (GOOGL) $283.82, −12.64%. Wednesday’s after-hours slide got worse in daylight. CNBC called it Alphabet’s worst day ever, beating the 11.63% drop from March 2020, and put the damage at roughly $500 billion in market value (CNBC). The quarter brought adjusted EPS of $2.67 against $3.02 expected, revenue of $127.58 billion against $128.22 billion, and free cash flow of negative $9.07 billion, about three times the deficit analysts had penciled in. Capex guidance stayed at $195 billion to $205 billion for 2026, with a “significant” increase promised for 2027 (CNBC). Search revenue grew 12% to $63.35 billion but missed for a second straight quarter, which is the part that spooked people (AP). Alphabet is now down 9.32% for the year. Waymo still drives around on Google’s checkbook, so we’ll keep watching that checkbook.
- Tesla (TSLA) $403.30, −0.23%. On a day the Nasdaq lost 1.38%, Tesla lost 92 cents. It’s up 7.67% over five sessions and sits at −10.32% for the year. The news flow stayed friendly: the Robotaxi app is now giving first-time riders a free trip in Houston and Dallas (Not a Tesla App), and the new Roadster showed up parked next to the Falcon 9 booster outside SpaceX headquarters in Hawthorne, which merger watchers noticed (Teslarati). After hours it was $397.09 (−1.54%) at 6:46 p.m. ET on CNBC, which is 7:46 a.m. JST Friday.
- SpaceX (SPCX) $143.89, −0.92%. Still 6.59% above the $135 IPO price, and the five-day loss has shrunk to 0.59%. After hours it was $140.41 (−2.42%), per CNBC.
- Mobileye (MBLY) $6.41, −9.21%. The numbers weren’t the disaster the stock suggests. Third-quarter revenue fell 2.4% to $492 million but topped the roughly $477 million consensus, adjusted EPS came in at 11 cents, and the full-year revenue range moved up a notch to $1.995 billion to $2.020 billion (Benzinga). Investors focused on a 5% drop in average system prices, an RBC downgrade to Underperform (Investing.com) and the still-unnamed successor to CEO Amnon Shashua (Globes). It’s now down 38.60% for the year.
- Ford (F) $12.36, +3.43%, and GM (GM) $85.72, +3.93%. Ford beat with adjusted EPS of $0.49 against $0.41 expected and adjusted EBIT of $2.66 billion, and lifted the bottom of its full-year EBIT range to $10.5 billion to $11 billion (Yahoo Finance). GM had no report of its own and still led our board. It’s up 11.02% over five sessions as the Nasdaq listing story keeps working, with the switch from the NYSE due Nov 17 (CNBC). GM is now +5.41% for the year.
- The rest of the board. Solar bounced a little after Wednesday’s Enphase trapdoor: SolarEdge +3.54%, Enphase +3.48% to $25.86 and Sunrun +2.29%. Lucid fell 6.16% to $3.20, Serve Robotics 5.96%, Symbotic 4.03% and Albemarle 3.81%. In China EVs, Li Auto lost 2.19%, XPeng 1.50% and NIO finished flat. BYD slipped 2.55% in Hong Kong to HK$68.65 on the day it posted third-quarter results; Reuters said profit growth slowed and missed forecasts (Reuters). Only 8 of our 23 US names closed higher.
- The indexes. The Nasdaq Composite fell 1.38% to 26,184.72, the S&P 500 lost 0.30% to 7,720.39 and the Dow gave up 132.54 points (0.25%) to 52,342.56 (AP). The Philadelphia Semiconductor index dropped 1.42% to 11,518.20, and Nvidia slipped 0.80% to $213.66.
The board: US-listed stocks
Closing prices for Thursday, October 29, 2026. Day % is the change from Wednesday’s close, 5-day % compares with the October 22 close, and YTD % compares with the December 31, 2025 close.
| Ticker | Company | Close | Day % | 5-day % | YTD % |
|---|---|---|---|---|---|
| Musk-verse | |||||
| TSLA | Tesla | $403.30 | −0.23% | +7.67% | −10.32% |
| SPCX | SpaceX | $143.89 | −0.92% | −0.59% | +6.59%* |
| US EV makers | |||||
| RIVN | Rivian | $11.45 | −1.89% | −5.06% | −41.91% |
| LCID | Lucid Group | $3.20 | −6.16% | −7.51% | −69.73% |
| GM | General Motors | $85.72 | +3.93% | +11.02% | +5.41% |
| F | Ford | $12.36 | +3.43% | +3.52% | −5.79% |
| China EV | |||||
| 1211 HK | BYD (Hong Kong, HK$) | HK$68.65† | −2.55% | +1.85% | −28.00% |
| NIO | NIO | $3.32 | +0.00% | +0.30% | −34.90% |
| XPEV | XPeng | $9.18 | −1.50% | +1.21% | −54.73% |
| LI | Li Auto | $11.14 | −2.19% | −2.88% | −34.20% |
| Autonomy & AI chips | |||||
| NVDA | Nvidia | $213.66 | −0.80% | +0.68% | +14.56% |
| GOOGL | Alphabet (Waymo) | $283.82 | −12.64% | −12.46% | −9.32% |
| MBLY | Mobileye | $6.41 | −9.21% | −7.77% | −38.60% |
| UBER | Uber | $65.74 | +0.72% | −4.82% | −19.54% |
| Robotics | |||||
| SYM | Symbotic | $37.40 | −4.03% | −7.33% | −37.14% |
| SERV | Serve Robotics | $2.84 | −5.96% | −1.39% | −72.64% |
| Solar & storage | |||||
| FSLR | First Solar | $176.89 | +0.33% | +3.29% | −32.29% |
| ENPH | Enphase Energy | $25.86 | +3.48% | −17.51% | −19.31% |
| RUN | Sunrun | $7.59 | +2.29% | −1.43% | −58.75% |
| SEDG | SolarEdge | $30.53 | +3.54% | −7.30% | +5.84% |
| Batteries & materials | |||||
| ALB | Albemarle | $93.27 | −3.81% | +0.79% | −34.06% |
| QS | QuantumScape | $4.20 | −0.94% | +1.20% | −59.69% |
| Charging | |||||
| CHPT | ChargePoint | $9.27 | +0.54% | +12.91% | +39.61% |
* SpaceX listed on June 12, 2026, so its YTD figure is measured from the $135 IPO price. † BYD is shown in Hong Kong dollars (1211 HK) because its US ADR trades thinly over the counter; HK$68.65 is about $9 at HK$7.85 per dollar. Yahoo Finance and CNBC agreed on every US close and day % in the table; CNBC’s BYD quote showed the same last price (HK$68.65) but marked the day change as unchanged, so the −2.55% day move uses Yahoo’s prior close of HK$70.45, which matches the HK$70.45 close we reported on Wednesday.
Tokyo corner
Tokyo shrugged off Alphabet’s after-hours slide. The Nikkei 225 rose 705.28 points, or 1.10%, to 64,659.47, and the TOPIX gained 0.29% to 4,003.28 (Kabutan). Advantest did the heavy lifting on our list, up 6.01% to ¥37,030 (about $234). It raised its full-year operating profit forecast to ¥967 billion (about $6.1 billion) from ¥846 billion (about $5.4 billion) on stronger demand for AI chip testers, and announced a buyback (Investing.com Japan, Nikkei). That move also pushed Advantest past Panasonic as the YTD leader on our Tokyo list, +88.59% against +82.01%. Tokyo Electron rose 2.35% to ¥10,035 (about $64) the day before its own report.
Renesas went the other way, down 4.63% to ¥2,956.5 (about $19). Its third-quarter sales of ¥435.2 billion (about $2.8 billion) rose 30.2% and beat plan, but it guided to lower margins for the fourth quarter (Investing.com Japan). Keyence fell 3.57% to ¥76,360 (about $483), and Panasonic Holdings, Tesla’s battery partner, slipped 2.75% to ¥3,683 (about $23).
EV parts had a nice day. Nidec gained 3.44% and Denso 3.29%. Most carmakers edged up too, led by Subaru (+1.51%), Nissan (+1.26%) and Mitsubishi Motors (+1.06%), with Toyota up 0.85% to ¥3,077 (about $19). Aisin was the soft spot at −1.88%. Altogether, 11 of 23 Tokyo names closed higher.
| Code | Company | Close ¥ | Day % | 5-day % | YTD % |
|---|---|---|---|---|---|
| Automakers | |||||
| 7203 | Toyota | 3,077 | +0.85% | −0.23% | −8.31% |
| 7267 | Honda | 1,763 | +0.03% | −1.86% | +14.78% |
| 7201 | Nissan | 265.7 | +1.26% | −1.45% | −31.89% |
| 7261 | Mazda | 1,072 | −0.14% | −1.06% | −12.06% |
| 7270 | Subaru | 2,618.5 | +1.51% | −1.04% | −22.87% |
| 7269 | Suzuki | 2,085.5 | −0.17% | +2.21% | −10.67% |
| 7211 | Mitsubishi Motors | 342.6 | +1.06% | −0.72% | −7.65% |
| Batteries & materials | |||||
| 6752 | Panasonic | 3,683 | −2.75% | −0.46% | +82.01% |
| 6674 | GS Yuasa | 4,776 | −0.60% | +1.83% | +27.36% |
| 5713 | Sumitomo Metal Mining | 8,524 | +1.44% | +5.31% | +34.09% |
| EV parts | |||||
| 6902 | Denso | 1,868.5 | +3.29% | +0.81% | −13.42% |
| 6594 | Nidec | 1,865 | +3.44% | +8.75% | −12.52% |
| 7259 | Aisin | 2,040.5 | −1.88% | −4.76% | −30.26% |
| Robotics & automation | |||||
| 6954 | Fanuc | 5,795 | −1.91% | +3.04% | −4.75% |
| 6506 | Yaskawa Electric | 4,159 | −0.65% | +3.12% | −12.55% |
| 6861 | Keyence | 76,360 | −3.57% | −4.98% | +34.72% |
| 6324 | Harmonic Drive Systems | 5,480 | −0.90% | +12.41% | +44.97% |
| 6268 | Nabtesco | 4,384 | −0.81% | +5.23% | +16.97% |
| Chips, AI & tech | |||||
| 8035 | Tokyo Electron | 10,035 | +2.35% | +6.19% | +46.20% |
| 6857 | Advantest | 37,030 | +6.01% | +14.40% | +88.59% |
| 6723 | Renesas Electronics | 2,956.5 | −4.63% | +1.28% | +38.15% |
| 6758 | Sony Group | 3,936 | −0.53% | −3.55% | −2.19% |
| 9984 | SoftBank Group | 4,765 | +1.77% | +10.69% | +8.30% |
Tokyo closing prices for Thursday, October 29, 2026 (3:30 p.m. JST), the latest completed Tokyo session when this was written. 5-day % compares with the October 22 close, and YTD % compares with the December 30, 2025 close, the last trading day of 2025 in Tokyo. Dollar conversions in the text use ¥158 per dollar.
What to watch
- Fri, Oct 30: Tokyo Electron reports (Nikkei), the Bank of Japan wraps its two-day meeting with a rate decision (BOJ), and it’s Tesla’s deadline to answer NHTSA’s Cybercab review (Not a Tesla App). Tokyo also has to digest the Nasdaq’s 1.38% drop.
- Sun, Nov 1: U.S. clocks fall back. From Monday, Nov 2, the U.S. open moves to 11:30 p.m. JST and the 4:00 p.m. ET close lands at 6:00 a.m. JST. Chinese EV makers usually post October deliveries around the 1st, so NIO, XPeng and Li Auto get a fresh scorecard before Monday’s open.
The EVX News take
A half-trillion dollars walked out of Alphabet in one session, and the stock that’s supposedly too volatile to own lost less than a dollar. We’ll take it. Tesla has spent three days doing a slow, boring lap around $400, which is exactly what you want after a run. The bigger question for EV and autonomy names is whether the AI-spending hangover sticks to Alphabet or spreads, and Friday’s Tokyo Electron numbers will be the first real read on that from this side of the Pacific.
Prices: Yahoo Finance, cross-checked against CNBC quotes for every US-listed ticker (closes and day % matched exactly; BYD’s day % uses Yahoo’s prior close as noted above), and against stockanalysis.com for Tokyo. Tokyo closes were also spot-checked against Kabutan for the Nikkei, TOPIX, Advantest, Renesas, Keyence, Panasonic, Tokyo Electron, Nidec and Denso. After-hours quotes: CNBC ExtendedMktQuote. Index levels: CNBC, AP and Kabutan. As of market close on Thursday, October 29, 2026 (US close 4:00 p.m. ET, which is 5:00 a.m. JST on Friday, Oct 30; Tokyo and Hong Kong closes on Oct 29).
Not financial advice. Stock Watch is news and entertainment, not a recommendation to buy or sell any security. Do your own research, and talk to a licensed financial adviser before you invest.
Sources: CNBC (Alphabet’s worst day), CNBC (Alphabet earnings), AP (Alphabet), AP (indexes), Not a Tesla App, Teslarati, Benzinga, Investing.com, Globes, Yahoo Finance, CNBC (GM), Reuters via Investing.com, Investing.com Japan (Advantest), Nikkei, Investing.com Japan (Renesas), Bank of Japan, Kabutan, Wednesday’s wrap. Featured image: a Waymo Jaguar I-Pace crossing the 4th Street Bridge in San Francisco. Photo: 9yz, via Wikimedia Commons (CC BY 4.0), cropped.
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