Tesla bucks trend as Wall Street drops on Fed concerns.

Wall Street's main indexes fell on Tuesday as better-than-expected housing data fueled worries of more interest rate hikes by the U.S. Federal Reserve, while Tesla climbed after Rivian agreed to adopt its charging standard. U.S. single-family homebuilding surged in May to its highest in more than a year and permits issued for future construction also climbed, suggesting the housing market may be turning a corner. Traders now see a 72% chance of Fed hiking its key benchmark rates by 25 basis points in July, according to CMEGroup's Fedwatch Tool.