Tech stocks experienced significant declines in overnight trading, with Tesla ($TSLA) down 5%, Nvidia ($NVDA) down 3%, and AppLovin ($APP) leading losses at 6%. Other notable declines included Robinhood ($HOOD) at 5%, AMD ($AMD) at 3%, and Meta ($META) at 3%. Tesla and Nvidia also saw declines of 4% and 2.9%, respectively, on March 31. The broader 'Magnificent Seven' tech stocks, which include Amazon ($AMZN), Alphabet ($GOOGL), Apple ($AAPL), Meta ($META), Microsoft ($MSFT), Nvidia ($NVDA), and Tesla ($TSLA), showed mixed performance for 2025, with Tesla down 27.5% year-to-date and Meta up 14.1%. Tesla shares rebounded 2.1% in pre-market trading on April 1 after a 1.7% drop in the prior session. The stock reached $271 in pre-market trading. Tesla's cash position stands at $36 billion, the lowest among the 'Magnificent Seven' companies.