🔴 Large Growth ETF (TESL) is trading 4.48% down as AI investment concerns weigh on growth stocks

TESL is trading at $11.69 (-4.48%) amid concerns over costly AI investment and uncertain returns.

• October 22’s concerns weighed on growth-stock sentiment; Tesla cut its 2026 capital-spending plan to $20 billion.
• Higher oil prices amid Strait of Hormuz tensions added broader risk-off pressure; the supplied index snapshot also shows major U.S. indices lower.
• Discretionary-sector signals were mixed: Deckers was down 9% premarket after lowering its sales outlook, while American Express raised its earnings forecast.