Shares of Tesla are dropping 7% due to U.S.-China tensions, weak deliveries, and Elon Musk controversy

From Nasdaq: 2025-04-21 13:13:00

Shares of Tesla (NASDAQ: TSLA) dropped 7% amid escalating U.S.-China tensions and anticipation for the company’s first-quarter earnings report. Wall Street also faced losses due to trade concerns and President Trump’s actions. Investors are wary of Tesla’s weak deliveries and CEO Elon Musk’s controversial behavior.

Analysts are focused on Tesla’s upcoming earnings call to address concerns about the company’s EV business and Musk’s involvement with Trump’s tariff policies. Wedbush analyst Dan Ives warns of potential demand destruction if Musk doesn’t distance himself from Trump and DOGE. Investors are anxious about Tesla’s core business performance and future prospects.

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