New York, February 6, 2026, 08:43 (EST) — Premarket update.
- Tesla shares dropped roughly 2.2% in premarket trading, mirroring a fresh risk-off wave hitting U.S. tech stocks.
- Investors are grappling with the impact of Big Tech’s surging AI investments on earnings and sector valuations.
- Tesla’s long-term “robotaxi” vision remained front and center following a U.S. Senate hearing urging lawmakers to update self-driving regulations.
Tesla shares slipped in premarket trading Friday as a wider tech selloff weighed on risk appetite across U.S. stocks.
Shares dropped $9.11, roughly 2.2%, settling at $397.21, market data showed.
Investors are recalibrating how they value artificial intelligence following a new wave of earnings reports and guidance from Big Tech, which highlighted capital spending as a key focus. Amazon dropped in premarket trading after announcing a significant increase in AI infrastructure investment for 2026, sparking fresh concerns over short-term profitability. 1
Why this matters now: Tesla’s stock tends to behave like a high-volatility tech proxy — surging when growth enthusiasm runs high, then dropping sharply when investors get more focused on cash flow, spending, and payback timelines. This week’s AI-led selloff hit just that note, driving traders to trim positions in pricey, momentum-driven names. 2
Tesla’s push for self-driving technology—a cornerstone of its long-term growth strategy—is hitting regulatory headwinds in the U.S. This week’s Senate Commerce Committee hearing saw lawmakers, along with Waymo and Tesla, urge Congress to finally advance stalled legislation designed to speed up the rollout of autonomous vehicles, including robotaxis (driverless ride-hailing cars). 3
Tesla’s vehicle engineering VP, Lars Moravy, told Congress it “must modernize regulations that inhibit industry’s ability to innovate,” according to written testimony Reuters cited. 3
The hearing touched on geopolitics as well: Democratic Senator Gary Peters highlighted China’s heavy investments in autonomous vehicles, while committee chair Ted Cruz warned that outdated regulations might drive innovation out of the U.S. 3
The policy debate so far hasn’t shaken the market. Investors see the Washington news as just background noise, focusing instead on AI spending, softness in software stocks, and how fast bullish sentiment could morph into a valuation headache. 4
Risks loom on both fronts. Should autonomous-vehicle legislation hit another roadblock, or if regulators clamp down over safety worries, Tesla’s plans to ramp up driverless services could face delays. That uncertainty matters fast for a stock already betting on major future growth. 3
With scant company-specific developments to drive Tesla’s shares, the stock has largely moved in step with broader tech sector fluctuations. 5
Next week’s lineup features key macro events poised to shake up rate-sensitive growth stocks. Reuters highlighted a packed schedule, with the January U.S. nonfarm payrolls report due Wednesday and the consumer price index set for Friday. These numbers could shift the outlook on Federal Reserve moves and, in turn, investor appetite for high-multiple companies. 2
Tesla released its latest quarterly earnings on Jan. 28. Investors will be focused on updates regarding timelines and regulatory progress for self-driving technology as the company’s next catalysts take shape. 6
