Trump's Policies and Musk Alliance Shake Wall Street
Tech stocks plummet, Tesla's valuation halves, and recession fears grow as Trump's economic strategies face scrutiny.
- The Nasdaq experienced its worst performance since 2022, erasing over $1 trillion in market value, with Tesla's stock plunging 15% in a single day.
- Tesla's valuation has halved since December, driven by declining sales in key markets like Europe and China, and calls for boycotts linked to Musk's political affiliations.
- Donald Trump defended Elon Musk, announcing plans to buy a Tesla and blaming 'radical leftists' for targeting the company with boycotts and vandalism.
- Investors are increasingly alarmed by Trump's trade policies, including tariffs on Canada, Mexico, and China, which have spurred fears of a U.S. recession.
- Major tech firms, including Apple, Microsoft, and Nvidia, also saw significant stock declines, reflecting broader concerns about economic instability under Trump's administration.
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