The three major U.S. stock indices opened lower, with Tesla down over 9%

According to Gate market data, U.S. stocks opened with the Dow Jones down 0.92%, the S&P 500 index down 1.12%, and the Nasdaq down 1.75%.

Tesla (TSLA.O) opened down about 9% after earnings, as quarterly profits fell short of expectations and free cash flow turned negative for the first time in over two years. Alphabet (GOOG.O) fell about 6% after raising its fiscal year capital expenditure forecast and warning that cash flow pressures would continue.