Tesla stock declined Friday as interest rates knocked shares of highfliers lower. Shares of the electric-vehicle maker fell 5%, closing at $431.66, while the S&P 500 and Nasdaq Composite dropped 1.1% and 1.

Shares of Tesla Inc. slid 4.95% to $431.66 Friday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index falling 1.49% to 19,722.03 and Dow Jones Industrial Average falling 0.

Tesla’s sales of electric cars have stalled. But Wall Street doesn’t seem to be worried. Investors have taken an optimistic view of the company’s progress in autonomous driving and bet that its chief executive,