Why Tesla Stock Is Sinking Today
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Tesla's stock is down 5.4% amid broader market declines, following the Trump administration's announcement of new tariffs. The stock has fallen approximately 33.5% this year. The tariffs, including a 10% levy on foreign goods, could pose challenges for Tesla, despite manufacturing in the U.S. Additionally, the company reported a 13% year-over-year drop in vehicle deliveries for Q1, missing estimates by 20,000 units. Investors are awaiting the first-quarter earnings report on April 22 for insights into the company's performance and future initiatives.
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