Tesla stock sinks in premarket as Nvidia’s open-source self-driving AI adds pressure on TSLA
Tesla shares dropped 4.1% to $432.96 in premarket trading Wednesday, extending a two-day slide amid renewed focus on AI and robotics competition after Nvidia launched new autonomous driving models. The decline follows a sharp fall below Tesla’s 50-day moving average and news that director James Murdoch sold 60,000 shares. Investors are also watching U.S. labor data and Tesla’s Jan. 28 earnings.