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Investing.com -- Tesla (NASDAQ:TSLA), the electric-vehicle maker, is leading premarket gains among the Magnificent Seven stocks on Wednesday. This comes after two sessions of losses and puts the company’s stock on track for a rebound.
This positive shift in Tesla’s stock comes as US stock futures are also climbing, following indications from the Trump administration of possible flexibility on some of its recent tariff measures.
Tesla’s stock has risen by 3.1% in premarket trading on Wednesday. This increase follows a jump of approximately 21% in the company’s February figures for new car registrations in the UK.
However, this boost comes at a time when sales numbers across Europe and China have been decreasing for the Elon Musk-led company in recent weeks.
Tesla’s February registrations from Germany are expected to be released later on Wednesday. This could potentially provide further insight into the company’s performance in the European market.
Among the Magnificent Seven stocks, Nvidia (NASDAQ:NVDA) has seen an increase of 2.2%, while Amazon (NASDAQ:AMZN) and Meta (NASDAQ:META) have both risen by 1.3%. Alphabet (NASDAQ:GOOGL)’s stock has increased by 1.2%, while Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) have seen rises of less than 1%.
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