WSB Hot Discussion | Tesla hits near one-year low in pre-market trading

The Nasdaq has fallen for two consecutive days, with a cumulative decline of 3.4%. On one hand, this is due to rising inflation, and on the other hand, it is due to geopolitical tensions.

Tesla, the hottest stock, plummeted 5.6% overnight and continued to fall by 2.3% in pre-market trading, hitting a nearly one-year low based on pre-market stock prices. With Q1 sales below expectations and a 10% workforce reduction, concerns have arisen in the market about its Q1 performance and future outlook. Tesla is set to announce its performance on April 23rd.

Stocks related to the Trump concept, such as DJT, are the second hottest, dropping 18% overnight to $26.6, a 66% decrease from the high of $79.3.

In the semiconductor sector, Nvidia is the third hottest, while TSMC is the fifth hottest. Both fell along with the broader market overnight, with Nvidia seeing a slight rebound in pre-market trading and TSMC dropping by about 1%. Intel is the seventh hottest, finally rebounding overnight with a 1.7% increase.

AI stock C3.ai plunged 7% overnight, marking a nearly 50% decline over seven consecutive weeks, making it the AI stock with the largest decline.

In the blockchain concept stock sector, MSTR fell nearly 10% overnight, continuing to drop by nearly 3% in pre-market trading, while COIN fell 9% overnight and continued to drop by 1.5% in pre-market trading. BTC has dropped by 11.5% in the past seven days:

Some analysts believe that despite the geopolitical tensions, BTC did not rise like gold as a safe haven, but instead fell. This is mainly because BTC had previously seen significant gains and is inherently a risky asset. Additionally, the recent $20 billion USDT incident has had an impact.

Data source: swaggystocks.com, most discussed stocks in the past 24 hours

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