Tesla stock is trading lower by 2.83% at $418.25 in pre-market trading on February 02, driven primarily by broader market weakness and macroeconomic concerns rather than company-specific news.
- The decline follows softer broader market futures (NQ off 1%) amid global manufacturing weakness, rising bond yields, and uncertainty regarding the Fed Chair nomination.
- The current movement is not attributed to recent company news, such as the January 29 announcement regarding a robotics pivot and the $2B investment in xAI.