What happened Shares Tesla (NASDAQ: TSLA) slipped Monday morning, falling as much as 3.7%. They have recovered some since, and as of 11:20 a.m. EDT today, shares were down approximately 2%. The stock's drop, followed by a partial recovery, seems to coincide with pricing trends of other growth stocks on Monday. Broader-market trends, therefore, are likely the main reason for the stock's volatility today. A Tesla Model Y interior. Image source: Tesla. So what As of this writing, the S&P 500 is about flat and the Dow Jones Industrial Average is up 0.6%. But the tech-heavy Nasdaq Composite is lagging both indexes, off about 0.5%. Many growth stocks like Tesla are down several percentage points or more. Pressure on growth stocks extends negative trends from last week, when the S&P 500 suffered its most significant losing streak since February, with many growth stocks getting hit harder than the overall market. Now what Tesla investors are likely looking ahead to the end of the quarter, as the EV maker is slated to report its third-quarter deliveries during the first few days of October. It's tough to estimate where deliveries will fall for the period, since the auto industry has been facing unusual supply shortages, particularly for semiconductors. Find out why Tesla is one of the 10 best stocks to buy now Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed their ten top stock picks for investors to buy right now. Tesla is on the list -- but there are nine others you may be overlooking. Click here to get access to the full list! *Stock Advisor returns as of August 9, 2021 Daniel Sparks has no position in any of the stocks mentioned. His clients may own shares of the companies mentioned. The Motley Fool owns shares of and recommends Tesla. The Motley Fool has a disclosure policy.Source