Tesla, Inc. is trading 5.1% down at $40,040.00 as investors rotate out of high-valuation growth and tech stocks after stronger labor data pushed yields higher and lowered rate-cut expectations.
- The broader market is under significant pressure, with the Nasdaq sliding over 3% amid a macro-driven tech selloff.
- Tesla's decline is attributed to general risk-off sentiment and rising yields rather than any major company-specific news.