Tesla Shares Tumble Amid Trade Tensions and Nordic Declines
Tesla's stock took a nosedive, dropping 5.1% to $383.85, as multiple challenges converge. The Trump administration's new tariffs on Canadian and Chinese goods are putting pressure on Tesla's production costs. Additionally, Canada's potential retaliatory tariffs, targeting Tesla specifically, and declining vehicle registrations in important Nordic markets further aggravate the situation. Tesla's recent quarterly results also fell short in its Automotive and Energy segments, contributing to its financial woes.
Feb 4