🔴 Large Growth ETF (TESL) is trading 5% down in pre-market as consumer and growth stocks weaken

TESL is trading at $12.87, down 4.99%, amid consumer discretionary weakness and recent losses in growth stocks.

• Amazon and Tesla, the sector’s largest names, were reported weak after Friday’s selloff.
• Lingering concern about AI-related spending and inflation has weighed on risk appetite, although U.S. futures rebounded pre-market on October 19.
• Tesla’s Roadster production delay may add company-specific uncertainty, but evidence does not establish it as the main driver of this ETF move.