Wall Street falls again amid economic slowdown fears, as Musk’s Tesla falls 50% from all–time high – business live
Wall Street falls again amid economic slowdown fears, as Musk’s Tesla falls 50% from all–time high – business live
Volatility soars and shares slide after Beijing imposes tariffs on imports of agricultural goods from America
The Dow Jones industrial average, which tracks 30 major US companies, has dropped by 0.9% – shedding 383 points to trade around 42,418.
The broader S&P 500 index is down 1.4%, while the tech-focused Nasdaq has slumped by 2%.
This follows last week’s selloff, in which the S&P 500 fell by over 3%, its worst run since early September.
Stocks are sliding today after China today imposed reciprical tariffs on US imports, targeting agricultural products, in response to the 10% tariff imposed by the US on Chinese imports.
Hopes that Donald Trump’s more erratic actions could be reined in by the markets appear to be being eroded, after the US president failed to rule out a recession in his weekend interview with Fox.
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Tesla has a lot further to go. No way is that failing car company worth more than multiple other car companies combined.
The valuation is all smoke and mirrors.
I’m frustrated at the ultra-zoom-in of the charts. The stock isn’t even back down to what it was last year, yet.
There is a lot further to go.
Definitely a lot further to go, but down 50% since December is still pretty crazy.
“It’s a technology company”
“We all knew FSD was going to fail”
… ugh
Like being on your plane seat, looking out the window and seeing the floor accelerating towards us but the Capitan saying "folks we're making a little downwards correction but should be in sunny Florida in no time at all...while flying over sunny Florida.