The 'Magnificent Seven' tech stocks, including Meta, Microsoft, Apple, Amazon, Google, Nvidia, and Tesla, have experienced significant declines at the start of 2025. Tesla has seen the steepest drop, with its stock falling 33.41% year-to-date, while Nvidia and Google have also faced substantial losses of 19.82% and 18.55% respectively. Overnight trading has continued to pressure these stocks, with Tesla dropping an additional 5% and Nvidia declining by 3%. Other tech companies like AppLovin, Robinhood, AMD, and Broadcom have also seen declines ranging from 3% to 7% in premarket trading. Tesla's stock is trading below its 50-day EMA, with a 5.7% drop in today's premarket, and is approaching its 52-week low. Stifel has lowered its price target for Tesla from $474 to $455, citing lower sales expectations and political risks associated with Elon Musk. The firm maintains a Buy rating on the stock, despite the reduced target, reflecting concerns over the rollout of the new Model Y and sociopolitical sentiment affecting near-term sales. First-quarter deliveries, due Wednesday, are expected to show the impact of these factors.