Shares of electric-vehicle giant Tesla, Inc. TSLA are down in premarket trading on Monday, despite positive major index futures that are firmly in the green.
What Happened: The premarket decline is particularly notable considering the broader market optimism.
Tesla’s pullback coincides with rumors of potential large-scale layoffs. An Electrek report suggests eliminations could reach up to 20% of the workforce, impacting tens of thousands of employees.
The upcoming quarterly results next week might underperform estimates, according to market sentiment following Tesla’s first-quarter delivery miss.
Additionally, the company recently halved the subscription price for its full self-driving software to $99 per month.
In premarket trading, Tesla shares fell 0.61% to $171.05, according to Benzinga Pro data.
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
