Tesla stock tumbled in premarket trading Friday ahead of the auto maker’s fourth-quarter delivery announcement. Shares of the electric vehicle-maker fell 0.7% to $450.67, extending losses from a day prior,

Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 4.6% in the morning session after the major indices declined sharply (Nasdaq down 1.9%, S&P 500 down 1.1%) as investors appeared to be locking in some gains in a year marked by significant progress in the Fed's effort to deliver a soft landing—taming inflation without causing more damage to the economy—despite early signs of weakness in the labor market.

Shares of Tesla Inc. shed 1.76% to $454.13 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.07% to 43,325.80 and the NASDAQ Composite Index falling 0.

Tesla (NASDAQ: TSLA) shares have been soaring since the U.S. election in early November. But as the trading week comes to a close, the stock is on track to have its second consecutive losing day. As of 12:35 p.