U.S. futures are flashing red ahead of the bell, led by Tesla, which fell nearly 14% last Thursday, wiping out over $150 billion in market value following a heated public conflict between Elon Musk and President Trump.
As Tesla tests key support levels this morning, other Nasdaq-listed names, Robinhood, Plug Power, and Children’s Place, are making notable moves in pre-market trade. Here’s the full rundown, combining technical levels and market catalysts.
Tesla (TSLA): Down 3% Pre-Market as Trump Attacks Wipe $150B from Market Cap
Tesla shares are once again under pressure, falling nearly 3% before the bell and trading around $287. This follows Thursday’s historic $150 billion selloff that saw the stock post its worst single-day loss in over a year. The slide came after Donald Trump, now firmly campaigning for a return to the White House, took direct aim at Elon Musk, accusing him of “grifting taxpayers” through EV subsidies.
The rhetoric spooked Wall Street. With Trump leading in several key polls, markets are suddenly reevaluating just how safe Tesla’s government-backed business model really is. Price has now sliced through multiple key support levels, and with the next major floor sitting at $271, bulls have their backs against the wall. Momentum indicators show clear exhaustion, and unless Musk stages a damage control rally, this trend could get worse before it gets better.
Robinhood (HOOD): Sinks 5% After Being Snubbed from S&P 500 Inclusion
Robinhood is trading sharply lower in the early session, down about 5% to hover near $71. The drop comes after the popular trading app was left out of the latest S&P 500 rebalancing, disappointing speculators who had positioned for a surprise inclusion.
The miss not only delays potential passive inflows from index funds, it also renews doubts about the company’s earnings quality and profitability trajectory. Technical traders are eyeing $66.85 as a make-or-break level. If that fails to hold, a further correction toward $60 can’t be ruled out. Volume is already elevated in pre-market orders, suggesting the reaction may accelerate once the bell rings.
Plug Power (PLUG): Flat at $0.97 as Investors Wait for Clarity
Shares of Plug Power remain muted ahead of the open, trading flat at $0.97. The stock has been stuck in a tight consolidation range for weeks, unable to sustain upside despite sector-wide interest in clean energy and hydrogen storage.
Investors appear to be waiting for a new round of updates, possibly around new fuel cell contracts or production milestones. For now, the technical outlook is neutral. The RSI is coiling near 50 and MACD is flat, pointing to indecision. If bulls want to reclaim momentum, they’ll need to punch through the $1.03 resistance with strong volume. Otherwise, a retest of the $0.92 demand zone may be next.
Children’s Place (PLCE): Bounces 6% After Friday’s 22% Meltdown
Retail stock Children’s Place is seeing a sharp rebound this morning, up more than 6% in early trade near $6.86. This comes after the stock collapsed 22% on Friday, triggering stop losses and wave after wave of panic selling following a brutal Q1 earnings miss.
The bounce appears driven by short-covering and speculative dip buying. While the fundamentals remain shaky, some traders are looking to play a technical rebound toward $9.50, the last significant pivot before the collapse. The setup is fragile though. If buying dries up mid-session, the rally could fizzle just as quickly as it appeared.
Is This the End for Children’s Place Stock? New Lows in Sight After Earnings Miss
Children’s Place stock is bleeding again after a brutal Q1 earnings miss, raising fresh fears the retailer may not recover. Revenue tumbled 6.4% to $239.9M, well below estimates, while technicals show a retest of the critical ₹4.76 support. The stock is now down over 75% from last year’s peak, and with RSI back near 38, the bears are tightening their grip. Unless bulls step in fast, the next stop could be uncharted territory.
Children’s Place Stock Slides After Q1 Miss, Bears Retest ₹4.76 Support
Children’s Place (NASDAQ: PLCE) is down sharply after missing Q1 revenue estimates, with sales dropping 6.4% to $239.9 million. The stock is trading near ₹4.85 in Monday’s session, extending last week’s downside and brushing dangerously close to key support at ₹4.76. Momentum remains weak, with RSI sliding to 38.40 and MACD still flat-to-negative. The earnings miss, tied to softer consumer demand, has reignited bearish pressure. Bulls must defend the ₹4.76 zone to avoid fresh lows. Short-term resistance stands at ₹7.03. Without a strong bounce, PLCE risks deeper breakdowns toward its multi-year base.
Tesla Update: Share Price Sinks Below $290 as Post-Feud Fallout Lingers
Tesla shares remain under heavy pressure Monday morning, down over 2.3% in early trade to $287.99 after Friday’s $150 billion wipeout. The stock is now testing key support just below $290, a level that previously triggered bounces in April and late March.
From a technical standpoint, RSI has sharply dropped to 41.72, suggesting bearish momentum is intensifying. MACD is deep in red, with histogram bars widening and both signal lines angling lower, a clear sign bulls have stepped back.
Unless $287 holds, Tesla risks sliding toward $271.25. Above, $309.51 remains the nearest upside resistance.
Palantir Stock Update: PLTR Slips to $127 as Traders Lock in Profits After 500% Run
Palantir Technologies (NYSE: PLTR) is easing off recent highs, down 1.3% to $127.32 in Monday’s early session. The stock had soared over 500% in the past 12 months, but analysts now warn of stretched valuations and fatigue setting in. Momentum indicators show weakness, with RSI slipping toward 56 and MACD turning lower. The next key support is at $125.38. While AI-driven optimism still underpins the long-term bull case, traders appear to be rotating out as short-term sentiment cools. Unless PLTR reclaims $130.20 this week, a deeper retracement toward $111.74 can’t be ruled out.
Nasdaq 100 Opens Lower as Tesla Extends Slide, Robinhood Weakens
Markets are now open, and the Nasdaq 100 is slipping into negative territory, dragged by continued weakness in Tesla and Robinhood. Tesla opened below $185 as traders digest the fallout from last week's Musk-Trump feud, which erased over $150 billion in market cap. Meanwhile, Robinhood is under pressure after a failed breakout attempt last week near $23.
Plug Power is holding flat after bouncing off $2.70, while Children’s Place is seeing modest bids following its recent 8% rebound from 52-week lows. Watch for volatility to rise ahead of this week’s inflation data and fresh Fed commentary.
Support zones to watch on Nasdaq 100: 18,920 and 18,740. Resistance still looms near 19,125.