Tesla, Inc. is trading 5.9% down at $335.85 following a sharp intraday reversal in growth and technology shares.
- The broader tech sector is under pressure as the Nasdaq Composite drops over 2% amid renewed concerns over higher-for-longer interest rates following strong U.S. jobs data.
- Risk appetite has weakened as investors shift Federal Reserve expectations, leading to significant macro-driven volatility across major tech names.
- There are no company-specific catalysts reported today; the stock is moving in tandem with the wider market selloff.