Tesla Inc is trading 5.8% down at $385.45 as investors cut exposure to high-growth tech and AI names during a broader risk-off move in U.S. markets.
- The Nasdaq Composite is down sharply as technology shares lead a reversal of an early rally.
- Market sentiment is pressured by concerns over higher-for-longer interest rates and fading optimism surrounding AI.
- The move is driven by broader sector trends rather than any major new company-specific headlines.