Nasdaq 100 Futures Fall Over 1% After Tesla Cuts Capital Spending

The signal here is less about Tesla's own budget than about what its capex cut implies for the wider tech complex: futures are treating reduced spending as a demand warning rather than as discipline. Because the item gives no scale or timing for the cut, the market reaction is running ahead of the actual disclosure, which makes the move more sentiment-driven than fundamentals-driven. The read-across matters most for capital-intensive tech and suppliers tied to that spending cycle. The open question is whether the futures move holds once the details are known.