Market check: Stocks resume sell-off, meme stock traders lose gains

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Motley Fool

Why Tesla Stock Is Still Falling

Stock markets continued to slide on Monday, with the S&P 500 falling 1.9% through 9:50 a.m. ET and the Nasdaq down 2%. Shares of electric car leader Tesla (NASDAQ: TSLA) didn’t escape the selling — indeed, they’re down three days in a row now, falling a further 3.8% Monday morning, caught up in the general feeling of dread on Wall Street. Worries about rising interest rates are one factor — the yield on 10-year Treasury notes just hit 3.185%, its highest level since late 2018.