Tesla, Inc. is trading 5.2% down at $27.50 as investors rotate out of growth stocks after a stronger-than-expected U.S. jobs report raised concerns about higher-for-longer interest rates.
- The move tracks a broader tech sell-off, with the Nasdaq and S&P 500 both down sharply.
- The decline mirrors pressure across rate-sensitive, high-valuation names rather than any new Tesla-specific development.