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.
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.
Tesla needs to go bankrupt there has to be consequences for your actions. Lose of money is the only thing these elite scum understand.
Winning!
Was this also part of project 2025 and the heritage foundations plans?
I don’t think so, but it will be fun to see how Project 2025, MAGA, Trump, Elon and the Republicans will blame each other for the whole mess and try to avoid all responsibility.
Blame each other? You mean OBAMNA, SLEEPY JOE BRANDON, HUMTER.
His fans don’t have the guts to admit they’re wrong nor the brains to realize they’re wrong.
It will be the fault of the opposition somehow… Which one? The opposition obviously. Wdym you want more details?
Pump and dump: Buy shares of a bad company, do something to pump up the stock price, sell the shares for a profit (dump), let the company crash and burn.
Crash and control: Take a good company, cause the share price to drop, buy low, take control.
I think it is more of the latter.
It is definitely both. The pump and dump is the mechanism and the crash and control is the entire economy and country.
Seems like a leopards face eating scenario.
Those people are institutional buyers, they’re buying it up right now.
All of this seems designed to cause pretty much anybody that’s not super wealthy to lose their ass. Dumping that water in California, they knew that was going to hurt farmers later, but that’s okay the vice president is investing heavily in farmland. House prices going up taxes so much that boomers can’t afford to stay in them anymore, going to get bought up by institutional buyers.
Absolutely part of their plan.
Many companies I known are already changing to longer lead times with US machining companies. This means you gotta buy much much more of the same items to reach a breaking point of similar price. But also means your company can’t be as competitive because a change to the manufacturing of a part will have a high price impact. This will lead to bullshit upgrades like software updates that make your phone faster because it was artificially running slower to begin with… Fins on cars vs more horsepower. Lol. Thanks Republican dumbasses!
Success. Bring it all down.
