Tesla's Market Tumble Amid Trade War Fears

Tesla Inc. experienced a significant drop in share value, closing nearly 10% lower on Friday. This downturn is part of a broader market sell-off triggered by escalating trade war tensions, which have left investors wary and global markets in disarray.

Global Market Sell-Off Intensifies

The tech sector, in particular, has felt the brunt of the sell-off, with major indices like the Dow Jones and Nasdaq 100 suffering steep declines. The Dow Jones plummeted over 1,700 points, while the Nasdaq 100 saw a 4.2% drop, underscoring the widespread impact of the current economic uncertainty.

Tesla's Stock Performance

By 11:37 ET, Tesla's shares had fallen by 9.77%, trading at $242.4 each. This sharp decline highlights the vulnerability of even the most prominent tech giants to the volatile swings of market sentiment amidst global trade disputes.