Tesla stock is falling due to China's 34% tariff on U.S. imports, impacting sales

From Barchart: 2025-04-04 15:14:00

Shares of Tesla (NASDAQ:TSLA) plummeted 9.7% as China imposed a 34% tariff on all U.S. imports in response to escalating trade tensions. This could make Tesla cars pricier in China, impacting sales in a market that comprised 20% of Tesla’s revenue in 2024. The stock closed at $239.34, down 10.4% from the previous close. Market volatility suggests the news is significant but not business-changing. Earlier, Elon Musk’s potential exit from a government role was seen as positive for Tesla, easing investor concerns. Tesla is down 37.2% in 2024 and is trading 50.4% below its 52-week high.



Read more at Barchart: Why Tesla (TSLA) Stock Is Falling Today