Tesla Plunges on Trump Feud and Market Fears

Tesla shares plunged 15% after President Trump publicly criticized CEO Elon Musk and suggested revoking government contracts, sparking increased investor anxiety and market volatility. This feud, coupled with renewed US-China trade uncertainties and rising unemployment claims, weighed heavily on major stock indices including the S&P 500, Dow, and Nasdaq. Analysts warn that Tesla's stock may fall further amid concerns about future cooperation between Musk and Trump. Tesla also faces significant sales declines in China and Europe, intensified by price wars and an aging vehicle lineup. Musk's polarizing political activities have further impacted investor sentiment, and the steep drop in Tesla's share price has reverberated into cryptocurrency markets, indicating broader risk aversion. Market experts advise caution with volatile stocks like Tesla and recommend diversifying into more stable technology leaders.