Why Tesla Stock Sank Today

Tesla stock is wavering as investors await Fed Chair Jerome Powell's speech this Friday.Shares of Tesla (TSLA -1.58%) fell on Wednesday, dipping as much as 4.5% before recovering and finishing the day down 1.6%. The drop came as the S&P 500 lost 0.2% and the Nasdaq Composite lost 0.7%.Tesla stock is sliding as part of a larger sell-off in tech driven by macroeconomic concerns. It's also being reported that Tesla's Cybertruck has sold just 52,000 units in the two years it's been on the market, despite having ...