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Tesla has paused a $1 billion asset-backed security sale amid market turmoil, according to Bloomberg. The stock isn’t reacting to the news. That makes sense.
Tesla (ticker: TSLA) stock is down about 0.6% in premarket trading. But U.S. stock futures are lower as well. S&P 500 and Dow Jones Industrial Average futures are both down about 0.3%. Nasdaq futures are off 0.4%. Nothing about the Tesla move, relative to the indexes, is surprising.