U.S. Stocks Slide on Tesla Earnings Miss and Alphabet Spending Outlook

U.S. stocks fell sharply as investors reacted to disappointing earnings from Tesla and a higher capital-spending outlook from Alphabet, which renewed concerns about heavy megacap tech investment and its payoff. The sell-off hit major indexes, with the Nasdaq leading declines as large technology shares came under pressure. Tesla’s weak profit report and Alphabet’s increased spending plans were the main catalysts, while rising oil prices added to broader market unease. The moves mattered because they showed how sensitive markets remain to big tech earnings and to signs that AI-related spending may be rising faster than near-term returns.