Pre market futures for the Russell 2000 indicate a modest gain of 0.22%, reflecting investor rotation into small-cap value names amid softer bond yields. The 10-year Treasury yield eased to 4.12%, offering some relief for equity risk appetite ahead of market open. Paul stated that no members of the Plasma team have sold their XPL holdings since launch. According to him, all investor and team allocations are subject to a three-year lock-up with a one-year cliff, meaning they cannot be accessed or sold within that timeframe. He emphasized that the circulating claims of insider unloading were unfounded. Despite the blowout quarter, TSLA shares closed at $436 (-5.11%) , sliding after an initial pop. Investors are cautious about post-credit demand after the U.S. phased out the $7,500 EV tax subsidy on October 1. The European market also presents risks, where competition and political backlash against Elon Musk could dampen demand. Tesla stock is still up 14% year-to-date, but the expiration of incentives could cap upside in Q4. Algorithmic trade flows in pre market futures show heavier concentration in momentum sectors, especially high-beta tech names. Traders expect relative strength to persist into first two trading hours.
