ASX stocks are tracking lower in Tuesday trade, following a rough session on Wall Street overnight which included a sharp selloff in the big tech names.

Social media was in the spotlight as Twitter and Snap fell by +5% while Facebook is in the wars. One high profile tech outfit that held its ground was Tesla, for which some more unusual news emerged this morning.

Bloomberg reported that overnight, a San Francisco jury ruled in favour of former Tesla employee Owen Diaz, who took the carmaker to court on grounds he was subjected to a racially hostile work environment.

Tesla usually attempts nips its employee complaints in the bud with mediation proceedings, but this one made it all the way to court. And with his victory, the company now owes Diaz a US$137m (~$190m) payout.

By our calculations, that adds up to around 175,000 Tesla shares.

(The verdict “couldn’t immediately be confirmed in electronic court records”, Bloomberg added).

Elsewhere in the Life of Elon, the Tesla founder’s baby mama (and now ex-partner) gave meme-makers some easy content fodder with a carefully coordinated paparazzi stroll on the weekend, fully equipped with bizarro space-suit and a copy of The Communist Manifesto by Karl Marx…

On markets, the ASX is following in the footsteps of Wall Street with some fairly sustained selling across the board.

Just after midday, the ASX 200 was down by around 0.95% with heavier falls in small caps, with the microcap Emerging Companies index down more than 2%.

Leading the laggards was the ASX 200 Information Technology index, which slumped by ~3.5% with heavy falls for BNPL leader Afterpay (ASX:APT).

Once again ASX energy stocks provided the only bright spot, as money continues to move into oil & gas with Brent crude prices consolidating above US$80/barrel.

Gold stocks are also outperforming while Bitcoin climbed back past the $US49,000 mark.

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for October 5 [intraday]:

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Code Name Price % Change Volume
MLS Metals Australia 0.002 100% $5,238,557
NPM Newpeak Metals 0.0015 50% $6,827,435
PCL Pancontinental Energ 0.0015 50% $7,034,223
AWJ Auric Mining 0.13 30% $5,493,202
ROO Roots Sustainable 0.01 25% $4,318,271
AHF Aust Dairy Group 0.071 20% $29,768,353
NTL New Talisman Gold 0.003 20% $8,018,063
IBG Ironbark Zinc Ltd 0.05 19% $50,517,251
MDX Mindax Limited 0.055 17% $89,531,981
SSH Sshgroupltd 0.3 15% $9,556,361
CDT Castle Minerals 0.015 15% $9,522,511
DDD 3D Resources Limited 0.004 14% $13,581,302
KOR Korab Resources 0.024 14% $6,982,353
IXU Ixup Limited 0.205 14% $147,361,540
GSN Great Southern 0.067 14% $29,833,965
TIG Tigers Realm Coal 0.026 13% $300,534,154
EQE Equus Mining Ltd 0.009 13% $20,022,727
LSR Lodestar Minerals 0.009 13% $10,327,499
GLH Global Health Ltd 0.415 12% $20,945,475
CVS Cervantes Corp Ltd 0.01 11% $13,986,112
TIE Tietto Minerals 0.42 11% $173,350,473
SMN Structural Monitoring 0.97 10% $107,187,331
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Among stocks with announcements, Australian Dairy Nutritionals Group (ASX:AHF) rose strongly after the company announced that all of its farms are now “certified organic following the 3-year conversion program commenced in 2018”.

Also on the winner’s list was data security and analytics firm IXUP (ASX:IXU) after signing a collaboration agreement that gives it access to the US gaming and wagering market.

Get Stockhead’s daily rundown of all the big resources movers here.

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for October 5 [intraday]:

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Code Name Price % Change Volume
ANL Amani Gold Ltd 0.003 -25.0% $57,114,265
EPM Eclipse Metals 0.04 -23.1% $99,525,757
ARO Astro Resources NL 0.004 -20.0% $18,820,965
GTG Genetic Technologies 0.0075 -16.7% $83,034,811
CCE Carnegie Cln Energy 0.0025 -16.7% $44,707,721
VPR Volt Power Group 0.0025 -16.7% $28,033,601
AKN Auking Mining Ltd 0.255 -15.0% $16,008,167
KWR Kingwest Resources 0.145 -14.7% $35,407,122
ARE Argonaut Resources 0.006 -14.3% $25,243,433
MRD Mount Ridley Mines 0.006 -14.3% $35,105,865
CHR Charger Metals 0.395 -14.1% $14,734,276
KP2 Kore Potash PLC 0.02 -13.0% $15,270,190
BCA Black Canyon Limited 0.235 -13.0% $8,429,536
GES Genesis Resources 0.014 -12.5% $12,525,461
QXR Qx Resources Limited 0.014 -12.5% $10,661,797
TMG Trigg Mining Ltd. 0.092 -12.4% $10,156,169
AAJ Aruma Resources Ltd 0.08 -11.1% $11,336,535
ICG Inca Minerals Ltd 0.12 -11.1% $64,905,361
1ST 1ST Group Ltd 0.016 -11.0% $8,786,717
AEV Avenira Limited 0.008 -11.0% $7,765,675
TMK Tamaska Oil Gas Ltd 0.008 -11.0% $8,460,000
PUR Pursuit Minerals 0.033 -11.0% $34,669,515
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