Tesla Stock Is Crashing Real Bad

The world economy is reeling today as businesses and investors try to unpack Donald Trump's so-called "reciprocal tariffs." Trump aims to curb the United States' reliance on foreign goods by raising the import cost for different countries, which is throwing the US-dominated global supply chain into chaos. Wall Street is in shambles as a result, with some $5 trillion in market value being wiped out in the past two days — the worst performance for the S&P 500 since the pandemic shock of 2020. Tech stocks were hammered especially hard after China announced its own tariffs of 34 percent in response to Trump's moves, thanks to their dependence on Chinese minerals and labor. And of all the tech companies bleeding out on the Stock Exchange floor, Tesla is in particularly rough shape. Elon Musk's EV company posted losses for ten of the last 11 weeks, and this one was no different. On Friday, Tesla's stock plummeted almost immediately after China announced its return volley, and continued to ... Read full article.