Tesla Stock Falls 1.8%, Exits Top 10 U.S. Market Cap - WSJ

Tesla's stock experienced a notable decline, falling 1.8% in premarket trading and dropping out of the top 10 U.S. companies by market cap for the first time since January 2023, according to the Wall Street Journal. The electric vehicle maker's shares are down nearly 30% year-to-date, with an additional 1.75% decrease in pre-market trading observed. This downward trend has sparked reactions among investors and market watchers, with some noting the stock's 'hot open' and others observing its gradual descent.