"Tesla's Stock Slump: Navigating the Magnificent 7 Laggards"

Five of the Magnificent Seven tech stocks, including Tesla, saw declines in last week's trading, with Tesla's stock sliding considerably and accounting for negative 8% of the S&P 500 market cap gains year to date. Despite being part of the group responsible for around 50% of S&P 500 gains this year, Tesla, Apple, and Alphabet are all in the red year to date, with Tesla down about 27% and facing a giant trading range, making it difficult to predict its direction.