Investing.com - Financial Markets Worldwide

Tesla, Magnificent 7 stocks decline in premarket trading

Published 15/05/2025, 10:42
© Reuters
MSFT
-0.78%
GOOGL
0.22%
AAPL
3.18%
AMZN
0.37%
NVDA
0.75%
TSLA
0.74%
META
-1.32%

Investing.com -- The leading electric vehicle manufacturer, Tesla (NASDAQ:TSLA), along with other prominent tech stocks, experienced a downward trend in premarket trading.

The trend was also seen in U.S. stock futures, indicating a decrease in recent risk appetite. This comes after a week of rally in tech stocks, spurred by a wave of investments and deals during President Donald Trump’s Middle East visit.

The S&P 500 contracts witnessed a drop of approximately 0.6%, while the Nasdaq 100 futures saw a decline of around 0.8%. President Donald Trump expressed concerns over Apple (NASDAQ:AAPL)’s production shift to India during his conversation with Apple CEO Tim Cook in Qatar.

The President stated his disapproval of Apple’s expansion in India, and following their discussion, he mentioned that Apple will increase their production in the United States.

In addition to Tesla, which saw a drop of 3.2%, other tech giants also experienced a decline in their stock values. Nvidia (NASDAQ:NVDA) fell by 2.3%, Meta (NASDAQ:META) by 1.7%, Amazon (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOGL) both by 1.4%, Apple by 1.3%, and Microsoft (NASDAQ:MSFT) by 0.6%.

These seven companies, often referred to as the "Magnificent Seven," saw a collective downward shift in their stock values during premarket trading.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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