Tesla, Inc. is trading 5.1% down now at $39,240 as investors take profits following a sharp run-up fueled by its Austin robotaxi launch and a JPMorgan upgrade.
- The stock previously surged to $41,360 after the autonomy-driven event and positive analyst sentiment previously pushed shares about 5% higher.
- Broader tech shares are also sliding today amid weaker risk appetite and concerns over higher-for-longer interest rates weighing on growth stocks.