What happened Shares of TuSimple Holdings (NASDAQ: TSP) were trading lower on Monday afternoon amid a broad-based sell-off driven by concerns about rising interest rates. As of 1:45 p.m. ET, TuSimple's shares were down about 10.3% from Friday's closing price. So what TuSimple is a San Diego-based company that is working to develop and deploy autonomous heavy trucks. There was no news moving the company's stock lower on Monday; rather, it appeared to be caught in a broad sell-off of technology names triggered by concerns about inflation and interest rates. A jump in the benchmark 10-Year U.S. Treasury rate, from 1.769% on Friday to 1.8% early on Monday, seems to have alarmed investors. TuSimple is working to develop a Level 4 self-driving system for heavy trucks. Image source: TuSimple Holdings. Traders may also be nervous about a key consumer-price report due on Wednesday. If, as expected, the report shows that inflation has remained high, that will likely increase the chances of a Federal Reserve rate hike in March. Higher interest rates, which naturally increase the costs of financing, tend to be bearish for stocks in many sectors. That's why the 10-year rate jumped over the weekend, and it's -- indirectly -- why TuSimple's shares were down sharply today. Now what TuSimple had some minor positive news last week. The company said that it has expanded its existing relationship with chip giant Nvidia (NASDAQ: NVDA) to design and develop custom silicon for its upcoming Level 4 self-driving truck system. TuSimple said that the collaboration will accelerate its development timeline and its ability to roll out self-driving heavy trucks at scale. Investors can expect TuSimple to report its fourth-quarter and full-year financial results in February. 10 stocks we like better than TuSimple Holdings Inc.When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and TuSimple Holdings Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of January 10, 2022 John Rosevear has no position in any of the stocks mentioned. The Motley Fool owns and recommends Nvidia. The Motley Fool has a disclosure policy.Source