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Tesla Stock Closes Down 2.3%

Tesla shares closed down 2.3% at $389.08 on Wednesday before its pivotal fourth-quarter earnings report.

The performance of other large tech stocks was mixed. Nvidia shares lost 4%. Amazon stock dropped 0.5%. Alphabet shares gained 0.1%.

Like Tesla, Meta Platforms and Microsoft report quarterly results on Wednesday afternoon. Meta shares gained 0.3%. Microsoft fell 1.1%.