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Investing.com -- Tesla (NASDAQ:TSLA) Inc. is experiencing an uptick in premarket trading on Tuesday, with a 4.3% rise, while other stocks within the Magnificent Seven are seeing a slight dip or no significant changes.
Amazon (NASDAQ:AMZN) and Apple (NASDAQ:AAPL) have both seen a decrease of about 0.5%, while Nvidia (NASDAQ:NVDA), Amazon, Meta (NASDAQ:META), and Microsoft (NASDAQ:MSFT) have not shown any notable changes so far.
In contrast, Tesla’s car sales in France have seen a significant drop, with a 37% decrease recorded in March. This is part of a broader trend of declining sales in Europe for the electric vehicle manufacturer.
The Magnificent Seven, a collection of stocks consisting of Tesla, Amazon, Apple, Nvidia, Meta, and Microsoft, has seen a 16% decline this year. This comes after a significant rise of 67% in 2024.
The index, which equally weighs the seven stocks, has been a measure of the performance of these tech giants.
In other news, President Donald Trump has announced plans to reinstate less stringent auto pollution curbs. The specifics of these plans have not been released as of yet.
The tech-heavy Nasdaq 100 Stock Index has also been underperforming. It posted its worst quarter in almost three years, with an 8.3% decrease.
This comes after warnings last week about a potential pullback in the massive influx of capital into data center infrastructure, causing increased anxiety among investors.
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