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Why Tesla Stock Is Toast Today

TheMotleyFool

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Why Tesla Stock Is Toast TodayPhoto, wide shot, wide-angle lens, Hedge fund, neutral atmosphere, photo by Charlie Waite: https://img.theapi.app/temp/95282efd-f725-49c0-be40-aa74627f7ccc.png

Tesla (NASDAQ: TSLA) took a tumble along with the rest of the tech stock market this afternoon, succumbing to interest rate fears after the U.S. Federal Reserve made public its plans to withdraw support from the high-flying U.S. stock market.

As of 3:25 p.m. ET, that decision has cost Tesla stock 5.5%.

Image source: Getty Images.

Source Fool.com

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