Tesla's Plunge Amid US Market Turmoil

The US stock market is experiencing a significant downturn, primarily triggered by uncertainties surrounding the Trump administration's tariff policies. This has led to an alarming drop in the value of major indices such as the S&P 500 and the Nasdaq, with the latter suffering its largest single-day decline since 2022. The electric car manufacturer Tesla has been particularly hard hit, with its stock plummeting over 15% in one day. This sharp decline came after analysts lowered their delivery forecasts, exacerbating investor concerns.

Elon Musk, Tesla's CEO, faces mounting challenges. His dual role as a company leader and advisor to President Trump has put him in a precarious position. The strong association with Trump initially boosted Tesla's stock, but recent market volatility and doubts about Musk's ability to balance his multiple responsibilities have led to a sharp downturn.

The broader market is also reeling from fears of a potential recession, fueled by trade tensions with major economies like China and Europe. Investors are increasingly jittery, seeking safer assets amid the ongoing economic uncertainty. As the US grapples with these economic challenges, the future of companies like Tesla remains in flux.