YTSL.NE is trading at CA$15.59 (-4.55%) as Trump’s rejection of Iran’s Hormuz proposal lifted oil and weighed on risk assets.
- The proposal revived inflation concerns and pushed Treasury yields higher.
- JPMorgan cut its Tesla price target, citing weak third-quarter deliveries; Reuters reported TSLA dipped 1%.
- YTSL.NE’s concentrated Tesla exposure makes the stock move directly relevant; U.S. futures were lower amid broader risk-off trading.