Shares of Tesla ( TSLA -8.63%) are trading lower on Tuesday. The company's stock lost 7.3% as of 10:45 a.m. ET and lost as much as 7.6% earlier in the day. The drop comes as the S&P 500 lost 0.9%, and the Nasdaq Composite lost 1.7%.

Tesla stock has been weak lately as investors digest early sales data and try to determine whether a drop is due to random fluctuations—or something more serious. It’s still too early to tell, but the data aren’t great.