Tesla, Inc. is trading 4.4% down at $344.00 following a broad selloff in growth and technology stocks tied to stronger-than-expected U.S. jobs data.
- The May payrolls report showed 172,000 jobs added, which pushed rate-cut expectations lower and Treasury yields higher.
- The macro shift is weighing on high-valuation names across the Nasdaq, with Tesla moving in line with the broader risk-off trade rather than company-specific headlines.