Tesla Inc. Faces Significant Drop

Tesla Inc. shares experienced a dramatic decline, dropping almost 10% this Friday. This downturn is part of the broader chaos stemming from the ongoing global trade war, which has sent shockwaves through international markets.

Tech Giants Take a Hit

The ripple effects of the trade war have not spared other tech giants, with many seeing their shares stumble. The situation has been exacerbated by a widespread market sell-off, leading to significant losses across the board.

Market Reactions

Amid this turmoil, the Dow Jones Industrial Average plummeted over 1,700 points, and the Nasdaq 100 saw a 4.2% drop. Tesla's stock, in particular, fell by 9.77% at 11:37 ET, trading at $242.4 per share.