Tesla Inc.'s shares experienced significant volatility, extending losses to as much as 7% in premarket trading. The stock price has seen a notable decline, reaching levels not seen since before the recent election, with a 45.5% drop from recent highs. The shares also hit a 44% drawdown to $275 and are now trading below the $300 mark, with some reports indicating a gap fill at this level and another at $255. The company's shares are now on track to close below its 200-day moving average for the first time since August, with a 33% drop since the election. Tesla's market capitalization has decreased by $735 billion since its December all-time high. Some analysts have set a $200 target for the stock. Meanwhile, the Nasdaq 100, represented by the Invesco QQQ Trust Series 1 ($QQQ), showed signs of recovery, turning green on the day after being in the red. Only 37% of Nasdaq members are currently trading above their 200-day moving average, the lowest since November 2023. The $QQQ experienced a gap fill and traded between 487.70 and 495 intraday.