U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Monday.
Shares of Tesla, Inc. (NASDAQ:TSLA) fell sharply in today's pre-market trading in response to CEO Elon Musk's re-entry into the political landscape amid his ongoing dispute with President Donald Trump over the contentious "Big, Beautiful Bill."
The decline follows Musk's announcement of the formation of a new political party, in response to the Senate's approval of the "Big, Beautiful Bill." This bill has eliminated the $7500 EV credit and rendered the Zero Emission Vehicle (ZEV) credits, a significant revenue source for Tesla, effectively obsolete.
Tesla shares dipped 6.4% to $295.32 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
- Bitmine Immersion Technologies, Inc. (NYSE:BMNR) shares tumbled 19.3% to $110.00 in pre-market trading. BitMine Immersion Technologies shares jumped over 130% on Thursday after the company on Monday announced a $250 million private placement to launch an Ethereum treasury strategy..
- Quantum-Si incorporated (NASDAQ:QSI) fell 10.3% to $1.92 in pre-market trading after the company announced the pricing of $50 million registered direct offering of common stock.
- Webull Corporation (NASDAQ:BULL) declined 9.5% to $12.95 in pre-market trading.
- Scage Future (NASDAQ:SCAG) dipped 8.7% to $4.40 in pre-market trading after falling 13% on Thursday.
- SK Telecom Co., Ltd. (NASDAQ:SKM) declined 6.1% to $22.14 in pre-market trading.
- Aebi Schmidt Holding AG (NASDAQ:AEBI) fell 6% to $12.80 in pre-market trading after gaining 22% on Thursday.
- GDS Holdings Limited (NASDAQ:GDS) declined 5.8% to $31.99 in pre-market trading after climbing 10% on Thursday.
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