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.

Tesla (NASDAQ: TSLA) shares have been soaring since the U.S. election in early November. But as the trading week comes to a close, the stock is on track to have its second consecutive losing day. As of 12:35 p.m. ET Friday, Tesla shares were down 4.3%.

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.