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Investing.com -- Tesla (NASDAQ:TSLA) is outperforming other Magnificent 7 stocks in premarket trading on Wednesday. The electric-vehicle maker’s shares rose as much as 2.9% in premarket trading, extending its rebound after CEO Elon Musk expressed regret about his social media activity.
"I regret some of my posts about President @realDonaldTrump last week. They went too far," Musk wrote in a post on X.
While Tesla shares moved higher, other Magnificent 7 technology companies showed slight declines. Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), Meta (NASDAQ:META), Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), and Nvidia (NASDAQ:NVDA) all fell less than 0.5% in premarket trading.
Nvidia shares are trading ex-dividend on Wednesday, which typically affects price movements.
The broader market showed modest declines in early trading, with Nasdaq 100 futures down 0.1% and S&P 500 futures falling 0.2%.
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