Tesla CEO Elon Musk arrives at federal court docket, April 4, 2019 in New York Metropolis. A federal choose will hear oral arguments this afternoon in a lawsuit introduced by the U.S. Securities and Alternate Fee (SEC) that seeks to carry Musk in contempt for violating a settlement deal.Drew Angerer | Getty ImagesTesla shares had been underneath stress on Friday as buyers continued to take income from a number of the best-performing stocks of 2020.The stock dropped 9%, constructing on a 5% decline from the earlier session. Friday’s losses put Tesla on observe for its first back-to-back weekly decline since early May; the stock was additionally headed for its worst day since May 1. That will even be the stock’s third one-week loss in 10 weeks.Tesla’s current declines come as different high-flying stocks fell as nicely. Amazon, Apple, Netflix and Alphabet had been all down no less than 0.8% Friday. These losses come amid rising considerations over the worldwide financial system because the coronavirus pandemic rages on and U.S.-China tensions rise.”These stocks have been outperforming and as buyers get a bit bit skittish, I believe they naturally pull again a bit bit extra,” Gene Munster, managing associate at Loup Ventures, advised CNBC’s “Squawk Field.” “I don’t assume there’s something essentially incorrect with most of those firms … I believe most of them are nonetheless nice firms to personal for the long run.”Tesla has been on hearth this yr, rallying greater than 250%. Over the previous month alone, the shares are up over 50%.On Thursday, Tesla reported its fourth straight quarterly revenue, making it eligible for inclusion within the S&P 500 index. The corporate’s adjusted revenue totaled $2.18 per share, simply topping a Refinitiv estimate of three cents per share.Subscribe to CNBC PRO for unique insights and evaluation, and reside enterprise day programming from all over the world.