Why Tesla Stock Fell Sharply on Friday

Shares of Tesla (NASDAQ: TSLA) were hit hard on Friday. The electric car maker's stock fell as much as 7.2%. But as of 12:50 p.m. ET, the stock was down 5.5%.

The stock was likely down because of the pressure on growth stocks this week. Many shares of growth stocks like Tesla were down several percentage points or more on Friday, extending a trend in the market recently of many growth stocks selling off.

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Source Fool.com