Tesla Is Sinking Again Today: Is It Time to Buy the Stock?
Tesla (NASDAQ: TSLA) stock fell again on Monday after news broke of a major delay in its production plans.
» Read more about: Tesla Is Sinking Again Today: Is It Time to Buy the Stock? »
Tesla (NASDAQ: TSLA) stock fell again on Monday after news broke of a major delay in its production plans.
» Read more about: Tesla Is Sinking Again Today: Is It Time to Buy the Stock? »
Tesla is set to report its first-quarter earnings on Tuesday, and Wall Street is bracing for more pain.
The electric vehicle maker’s stock is down 44% year-to-date as investors grapple with numerous worries, including a slowdown in vehicle sales, the impact of President Donald Trump’s 25% auto tariffs, and reported delays of a lower-cost Tesla model.
Auto giant Ford (F) has halted the shipments of its vehicles to China as the trade war between Beijing and Washington escalates. Following China’s retaliatory measures in response to the Trump administration’s U.S. import taxes, tariffs on vehicles exported to China have increased to as high as 150%.
» Read more about: Ford Halts Vehicle Shipments to China as Trade War Escalates »
Hertz (HTZ) shares tumbled 11% Monday morning, giving back gains from last week’s rally sparked by Bill Ackman’s hedge fund taking a significant position in the rental car giant.
Ackman, the CEO of Pershing Square Capital Management, shared on social media that his company had built a 19.8% stake in Hertz after accumulating shares since late last year.
Wall Street tumbled and the dollar slumped to a three-year low on Monday as growing global skepticism over U.S. investments intensified, driven by President Donald Trump‘s ongoing trade war and public criticism of the Federal Reserve.
These actions have rattled confidence in the traditional economic order, prompting investors to pull back.
» Read more about: US Dollar Hits Three-Year Low as Stocks Tumble Amid Trump Attacks on Fed »
Stocks opened lower Monday, and selling accelerated throughout the session. Today’s declines were a result of continued losses in several of Wall Street’s biggest stocks and growing chatter over President Donald Trump’s desire to fire Federal Reserve Chair Jerome Powell.
The three main indexes all started the day with losses of 1% or more.
» Read more about: Stock Market Today: Dow Drops 971 Points as Powell Pressure Ramps Up »
The bull market came to an abrupt halt midway through the first quarter, with the broader market losing more than 14% since its February peak. Although that’s not particularly reassuring, a downbeat start to 2025 should theoretically mean that lots of stocks are on sale.
Before we get to stocks with the most upside potential based on industry analysts’
» Read more about: 33 Stocks That Could Rally 50% or More This Year »
More than 70 cryptocurrency exchange-traded funds (ETFs) are slated for review by the US Securities and Exchange Commission (SEC) this year. According to Bloomberg analyst Eric Balchunas, the list includes proposed ETFs holding a range of assets, from altcoins to memecoins to derivatives instruments.
“Everything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between,” Balchunas said in an April 21 post on the X platform.
» Read more about: More than 70 US crypto ETFs await SEC decision this year — Bloomberg »
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