Therefore, I identified the following three cyclical stocks that I'm bearish on during 2022's rising interest rate environment: Ford (NYSE:F), Tesla (NASDAQ:TSLA), and Embraer (NYSE:ERJ) The U.S. Federal Reserve raised interest rates by another 75 basis points earlier this week in an attempt to curb resilient inflation rates. The average TSLA stock price target of $311.97 implies 13.2% upside potential. Concluding Thoughts – F, TSLA, and ERJ Stocks Exhibit Excess Risk Cyclical stocks are set for a decline amid rising interest rates.