The Simplify Volt TSLA Revolution ETF (TESL) is down as growth and consumer-exposed names sell off alongside a weaker consumer discretionary sector. Broader indices are modestly lower, with tech and growth underperforming as risk appetite fades. Geopolitical tensions with Iran and oil above $100 are fueling concerns about inflation and pressure on consumer spending, weighing on discretionary stocks and Tesla-sensitive strategies like TESL despite the absence of major, ETF-specific news.