TSLA is trading at $395.13 (-3.11%) as of 10:50 AM EST, tracking a sharp downturn in major indices driven by escalating Middle East tensions and fears of oil supply disruptions in the Strait of Hormuz.
- The broader market is under significant pressure, with the S&P 500 down 1.17%, the NASDAQ down 1.58%, and the Dow down 1.21%.
- No major company-specific news is driving today's move; a UK electricity license granted on March 11 appears positive but has not impacted the current share price.
- Investors remain focused on macroeconomic risks, overshadowing lingering concerns regarding FSD performance and global competition.