Tesla (TSLA) Stock Analysis: Plunges Over 10% as China Retaliates with Matching 34% Tariffs
TLDR
- Tesla stock dropped 10.4% on Friday following Trump’s 34% tariff announcement and China’s retaliatory measures
- China represents 22% of Tesla’s revenue and houses its most productive manufacturing plant
- The stock has fallen 9.2% for the week as part of broader market decline
- Some analysts suggest Elon Musk’s political stance may be alienating Democratic customers
- Tesla faces increasing competition and declining market share in key regions like California and Europe
Tesla shares plunged on Friday as escalating trade tensions between the United States and China sent shockwaves through global markets.
The electric vehicle maker’s stock fell 10.4% to $239.43 amid concerns about the company’s exposure to the…
