Tesla, Inc. is trading 4.1% down at $404.40 as high-valuation tech and growth stocks slide amid rising interest rate concerns and a broader shift in risk appetite.
- JPMorgan recently upgraded the stock with a significantly higher $475 price target, highlighting the company's long-term potential in AI and robotics.
- Despite the positive analyst sentiment, shares remain under pressure alongside the Nasdaq as higher yields and hawkish Fed expectations drive investors away from growth-oriented assets.