Tesla Drops Over 10%, Outpacing Market Bloodbath and Erasing $12 Billion of Musk’s Wealth in Just One Day

Tesla Drops Over 10%, Outpacing Market Bloodbath and Erasing $12 Billion of Musk’s Wealth in Just One Day

The bloodbath in the markets in the wake of President Donald Trump's new tariffs hit Elon Musk's Tesla especially hard Friday.

On April 2nd it was time: "Liberation Day" in the USA, i.e. day of liberation! Specifically, this means: US President Donald J. Trump raises import duties virtually for the whole world! What does this mean for us if we want to treat ourselves to a Tesla or an iPhone soon? Let's calculate this! The post iPhones and Tesla models become so expensive thanks to Trump first appeared on inside digital.

Mark Spiegel’s Stanphyl Is Looking Prescient About the Market and Tesla

“Even a ‘better than expected' universal 10 percent tariff would have been a major headwind for a stock market that was (and remains) priced-to-perfection.”