Tesla Inc is trading at $396.95 (5.14% down) after a stronger-than-expected U.S. jobs report pushed interest rate expectations higher and hit growth stocks.
- The stock is moving in tandem with a broader tech sell-off and a sharply lower Nasdaq, with no company-specific catalysts identified for the move.
- The decline reflects marketwide pressure on long-duration, rate-sensitive names, amplified by broader weakness in the semiconductor and cryptocurrency sectors.