The market has seen a significant decline. Nasdaq has fallen by 11%. Tesla’s stocks have plummeted by 48% as Musk’s political role remains a concern. Tesla’s troubles show no signs of easing. Sales in Europe have dropped by 76% and by 49.2% in China, with protests also on the rise.
Stock linked to Trump have also seen a decline. Truth Social is down by 44%, Robinhood by 28.7%, and Coinbase by 39.1%. Fears of a recession are deepening. Tariffs, job cuts, and a 2.8% drop in GDP have shaken people’s confidence.
