Why Tesla Stock Fell Nearly 8% This Morning

Shares of Tesla (NASDAQ: TSLA) were slammed this morning, along with many other growth stocks. The electric-car maker's stock declined as much as 7.6% shortly after market open. But it was down only 1% as of 10:15 a.m. EDT.

The stock's initial decline was likely driven by a combination of a bearish analyst note on Tesla shares and a broader-market sell-off at the opening of trading -- a pullback that hit growth stocks like Tesla particularly hard.

Tesla vehicles. Image source: Tesla.

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Source Fool.com