Tesla, A. O. Smith And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Author: Avi Kapoor | October 11, 2024 07:40am

U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Friday.

Shares of Tesla, Inc. (NASDAQ:TSLA) fell sharply in today's pre-market trading on brokerage firm Robinhood after the company's robotaxi unveiling event late on Thursday failed to give investors' confidence.

Tesla on Thursday unveiled a two-seater Cybercab that can drive itself and a robovan with no pedals that can accommodate about 20 passengers at an event in Los Angeles on Thursday. The event, however, was thin on details with the company not divulging the cost of the robovan. Musk also said that the smaller Cybercab will join the company's autonomous taxi fleet only by 2026. The CEO further remarked that he is often optimistic about timelines, hinting at chances of delay.

Tesla shares fell 5.6% to $225.35 in pre-market trading.

Here are some big stocks recording losses in today's pre-market trading session.

Lilium N.V. (NASDAQ:LILM) shares fell 10.6% to $0.66 in pre-market trading after dipping 5% on Thursday.
Hesai Group (NASDAQ:HSAI) shares declined 9.9% to $4.83 in pre-market trading.
A. O. Smith Corporation (NYSE:AOS) declined 9.4% to $78.16 in pre-market trading after the company lowered its FY24 earnings forecast.
Nyxoah S.A. (NASDAQ:NYXH) shares fell 8.3% to $8.71 in pre-market trading.
Indivior PLC (NYSE:INDV) fell 7.3% to $7.40 in pre-market trading. Indivior shares dipped over 15% on Thursday after the company reported preliminary third-quarter revenue guidance and cut its FY24 net revenue guidance below estimates.
Innventure, Inc. (NASDAQ:INV) shares dipped 7.3% to $10.60 after gaining around 8% on Thursday.
UP Fintech Holding Limited (NASDAQ:TIGR) fell 5.7% to $7.65 in pre-market trading.