Tesla stock extends losses pre-market as selling pressure accelerates

Key Takeaways Tesla shares dropped below $400 in pre-market trading amid tech sector selling pressure. Analysts attribute the decline to weak EV demand and lowered earnings estimates for Tesla. Share this article

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Stocks sold off on Thursday as the S&P 500, Nasdaq, and Russell 2000 all broke below key support levels.

Tesla, Palantir, Broadcom, and Nvidia led the declines, with several major tech names slicing through the 50-day line. The action triggered widespread technical sell signals across growth stocks.

According to Gary Black of The Future Fund, an SEC-registered investment advisor, Tesla’s decline reflects lowered earnings forecasts as analysts respond to soft EV demand in China and Europe.