Tesla, Inc. is trading at $348.70 (-3.37%) as broader tech sentiment weakens and technical selling continues to pressure the stock.
- JPMorgan upgraded the stock to Neutral from Underweight with a new $475 price target, citing long-term AI and robotics potential.
- Growth stocks are facing headwinds from higher interest rate expectations, which have weighed on the broader technology sector.
- The stock remains under pressure from technical selling following a decline in the previous trading session.