🔴 Tesla is trading 3.11% down today as rising Treasury yields pressure technology shares

Tesla is trading at $340.20 (-3.11%) as global macro pressure weighs on technology shares.

• The S&P 500, Nasdaq Composite, and Dow Jones are all lower, reinforcing risk-off sentiment.
• The 30-year Treasury yield rose to 5.217%, pressuring growth-oriented technology shares.
• The August 19 Swedish labor resolution and Cybercab developments provide no clear explanation for August 20’s decline; the move is best attributed to global macro pressure rather than a company-specific catalyst.