The company also faces renewed pressure in China, where preliminary data from the Passenger Car Association showed a 49% year-over-year decline in wholesale shipments for February.
The three major indices were mostly flat in midday trading Wednesday with the S&P 500 and Nasdaq slightly under the flatline and the Dow Jones up 39 points.
Analysts suggested that Tesla's 2025 deliveries could decline annually but saw this as an "attractive entry point" into their "preferred embodied AI name."
U.S. stocks plunged Tuesday as President Donald Trump‘s tariffs on key trade partners came into effect, prompting retaliatory measures and intensifying global trade tensions.
On February 18, 2025, I walked through a signal I got back on Valentine's Day. Now, it's just deciding whether to roll your put hedges down, close your VIX volatility spread, and begin to dip your toes in the water.
Stocks fell broadly on Monday to start the month of March with all three major indices red in midday trading. Investors digested a decline in February's ISM Manufacturing PMI data which fell to 50.3%, down from 50.9% in January.
Stocks recovered on Friday, with all three major indexes in the green, as the tech sector bounced back from Thursday's losses with NVIDIA Corp. (NASDAQNVDA) up 1.37% and Tesla, Inc. NASDAQ:TSLANASDAQTSLA)
Tesla's stock decline is impacting ETFs with significant exposure to the company. Leveraged ETFs have been hit the hardest, while broad-market and sector ETFs are also experiencing losses.
The S&P 500 and Nasdaq both slipped into the red, reversing early gains on Thursday, while the Dow Jones remained in positive territory in midday trading.
