Tesla shares are expected to open lower after Nasdaq 100 futures fell 0.63% in extended trading following record highs on Tuesday. Geopolitical uncertainty over US-Iran escalations overshadowed Nvidia’s 6% rally on new AI chip announcements, dragging broader tech sentiment and weakening S&P 500 and Dow futures.
Overnight US stock futures for major indexes fell as of 8:57 p.m. ET, with Nasdaq 100 futures down 0.63%, S&P 500 futures down 0.41%, and Dow futures down 0.46%, signaling a weaker open for tech-led names including Tesla.
On Monday, the Nasdaq Composite closed 0.42% higher at 27,086.81, the S&P 500 added 0.26% to 7,599.96, and the Dow Jones Industrial Average rose 0.09% to 51,078.88, marking fresh records driven by gains in software and semiconductor stocks.
Escalating clashes between Israel and Lebanon renewed uncertainty over a US-Iran peace deal, diverting investor attention from recent AI breakthroughs and weighing on overall market sentiment.
Nvidia shares jumped over 6% after unveiling new PC processors and Vera AI chips, but these gains were unable to overcome geopolitical risks, leaving Tesla and other EV stocks vulnerable to early declines.
