Live Stock News: Tesla, Bitcoin, Major Mag Seven Tech Pullback
Happy Tuesday, investors, it's February 25th. The tech market is pulling back hard, and the Nasdaq 100 is falling to a three-week low on Tuesday. You will never guess what company is leading the way and why. To find out, we have to check Live Stock News.
$Tesla (TSLA.US)$ fell 8% early Tuesday after sales data from its UK and European markets showed nearly a 50% drop since the beginning of the year. The stock faced headwinds in 2025 as competition pushed sales lower. In January, Tesla sales in China fell 11%.
Analyst Seth Goldstein from Morningstar Research warned in a note that traditional automakers are investing heavily in Tesla's market, eroding sales growth and profit margins. MarketWatch reported that on Tuesday morning, Volkswagen took the lead for #1 EV registrations last year.
But that massive drop was not leading the Nasdaq 100- instead, it was $Strategy (MSTR.US)$, collapsing 10%, following Bitcoin lower. $Bitcoin (BTC.CC)$ broke through $90k Tuesday morning, following a major tech pullback. Strategy has kept up its Bitcoin buying and stock selling, last week purchasing 20k coins at an average price above $97k. According to Barron's, the firm likely lost $200 million on that sale alone.
$Crypto (LIST20010.US)$ fell 9% overall.
According to Bloomberg, the tech pullback sent the Magnificent Seven as a whole into correction territory.
$Super Micro Computer (SMCI.US)$ also fell back, due to report its last year's results Tuesday or face more threats of expulsion. $Hims & Hers Health (HIMS.US)$ collapsed 25% after the discount drug seller reported twice the quarterly revenue it did last year selling scarce weight drugs, but confirmed it would cut 'compound' weight loss drugs from its sales after the FDA took away the ability.
$Tempus AI (TEM.US)$ tumbled 16% Tuesday after the company reported less revenue than Wall Street was looking for despite a smaller loss than expected. JPMorgan also downgraded the stock.
Elsewhere in the economy, $Crude Oil Futures (AUG5) (CLmain.US)$ it fell to $69/barrel, and gold pulled back $50 from its all-time high.
Everything was pulling back Tuesday morning, just past 11:06 am ET at least, the $S&P 500 Index (.SPX.US)$ traded -0.94%, the $Dow Jones Industrial Average (.DJI.US)$ fell 0.07%, and the $Nasdaq Composite Index (.IXIC.US)$ fell 1.86%.
In macroeconomic data, CB Consumer Confidence dropped to a nine-month low Tuesday morning. According to Stephanie Guichard, spokesperson for the Confidence Board, consumers are pessimistic about the job and business market.
The real macro news pulling down the tech market came from tariff and trade embargo worries- according to Bloomberg, the White House met with Japan and Dutch authorities about restricting semiconductor gear in China, expanding a Biden era policy. Bloomberg reported that the goal was to coerce allies to also limit their chip trade with China.
Yesterday, users argued about Trump and tariffs in the comments. This tech pullback might not be tariff-related, but it sure is tariff-adjacent.
Traders, what do you think? What are you watching on the stock market today? What is the herd following? Let me know in the comments below! $S&P 500 (LIST91326.US)$
Want to keep up to date with the market and all its feelings-driven swings, all in under three minutes? Click here to follow the Live Stock Podcast topic. Comment below or in the hot topic for a chance to appear on the podcast! I want to talk about what you are investing in!
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104714363 : Talk about Tempus AI.
RVLTN : the way you describe crypto related drawdowns your showing animosity toward it.
i feel moomoo should not have such bs personsl values put on us when speaking as if, officially.
Kevin Travers OP 104714363 : put something in there just for you: $Tempus AI (TEM.US)$ tumbled 16% Tuesday after the company reported less revenue than Wall Street was looking for despite a smaller loss than expected. JPMorgan also downgraded the stock.
iluvpoptarts : when tech slides. I shift to healthcare . I am an amateur
Kevin Travers OP RVLTN : in what way do you feel animosity?
jiarul Hassan : how
HBK : thanks