Bitcoin-related stocks rebound as Tesla slides 7.5%. Circle Internet weakens. Futures edge higher with PCE, GDP revisions ahead. Alpha Score data: TSLA 34, CRCL 28.
Stock futures crept higher Monday morning as traders returned from a long weekend, with the session set to be shaped by moves in crypto-linked equities and a sharp decline in Tesla.
Bitcoin-related stocks led the early action. Shares of MicroStrategy (MSTR) and Coinbase (COIN) rose alongside a bounce in bitcoin, which climbed above $87,000 after sliding late last week. The broader crypto sector had taken a hit Friday after President Trump signed an executive order requiring pre-release review of AI models – an action traders saw as extending regulatory scrutiny into digital assets, several brokerages said. Monday's recovery reflected a reassessment that the order's direct impact on crypto was limited, one trader said.
Tesla (TSLA) was the biggest drag on the consumer discretionary sector. The stock fell 7.49% to $393.45, extending a losing streak that has cut its market value by roughly $80 billion over the past week. The drop came after reports that Tesla is expanding its Robotaxi test fleet in California without a formal permit from the state's Public Utilities Commission. The expansion raises questions about the timeline for commercial service, two sell-side analysts wrote in notes. Tesla's Alpha Score of 34/100, rated Weak, reflects the uncertainty around its autonomous driving timeline and margin compression.
Circle Internet Group (CRCL), the stablecoin issuer, slipped 2.3% in early trading. The stock has fallen 18% since its debut two weeks ago. Circle's Alpha Score of 28/100, rated Weak, mirrors the broader regulatory overhang on stablecoins – the same executive order that hit crypto stocks Friday also directed the Treasury to review stablecoin oversight within 90 days. A stronger dollar added pressure, two traders said, as dollar-pegged tokens offer less appeal when the greenback is already strong.
Energy stocks diverged. Kosmos Energy (KOS) rose 3.2% after the company released a production update showing output in Ghana and Mauritania came in above the midpoint of its guidance. The update also showed Kosmos cut its net debt by $120 million in the first quarter, which helped boost the stock even as Brent crude fell 1.1%. Kosmos' cost structure is more fixed than its peers, one analyst said, meaning falling oil prices hit margins harder for competitors.
Broader futures showed the S&P 500 adding 0.2% and the Nasdaq 100 gaining 0.3%. The week's data calendar is heavy: Tuesday's consumer confidence index, Wednesday's GDP revision, and Friday's personal consumption expenditures price index. Options expiration on Friday could amplify moves, traders said.
For more on Tesla's positioning, see the TSLA stock page. Circle Internet's profile and score are available on the CRCL stock page.
Prepared with AlphaScala research tooling and grounded in primary market data: live prices, fundamentals, SEC filings, hedge-fund holdings, and insider activity. Each story is checked against AlphaScala publishing rules before release. Educational coverage, not personalized advice.