Market Reacts to Trade Tensions

Shares of Tesla Inc. experienced a significant drop, trading 10% lower on Thursday. This decline reflects growing investor concerns as trade tensions escalate, with discussions on tariffs dominating the agenda during a recent cabinet meeting in the Oval Office.

Impact of Tariff Increases

The White House has clarified that tariffs on Chinese goods now total 145%, following a substantial 125% hike. This adjustment builds on a previous 20% increase announced by President Donald Trump. By 1:28 pm ET, Tesla's stock had dipped by 10.02%, settling at $245.6980.