Benzinga's Top #PreMarket Losers

Tesla Motors, Inc.TSLA fell 7.90% to $188.11 in pre-market trading following comments from CEO Elon Musk. Musk commented to reporters ahead of the Automotive News World Congress presentation that Q4 sales in China declined significantly. U.S. Bancorp USB shares dropped 6.03% to $39.56 in pre-market trading after falling 1.08% on Tuesday. Red Hat, Inc. RHT shares declined 5.25% to $63.90 in pre-market trading. Goldman Sachs downgraded Red Hat from Neutral to Sell. Isis Pharmaceuticals, Inc. ISIS shares fell 2.28% to $70.00 in pre-market trading as the company reported earnings of $7 million for advancing ISIS-SMN Rx in children with spinal muscular atrophy. JPMorgan Chase & Co. JPM shares dropped 1.85% to $57.75 in pre-market trading after the company reported results for the fourth quarter. The New York-based company posted quarterly net income of $4.9 billion, down from $5.3 billion, in the year-ago period. Earnings per share slipped to $1.19 from $1.30.