TSLA is trading 3% down today at $409.50 as macro pressure on growth stocks and profit-taking outweigh optimism regarding a nationwide robotaxi expansion.
- The decline extends a sharp two-day slide from the mid-$440s, continuing a trend of weakness from last week.
- CEO Elon Musk recently announced a nationwide rollout of fully autonomous vehicles and plans for a U.S. robotaxi service later this year.
- Broader market pressure on growth sectors and recent price appreciation are currently driving the sell-off despite the autonomous driving roadmap.