Tesla shares plunge by at least 15% to $222 – meaning it has lost more than half its value since December while the tech-heavy Nasdaq Composite closes down more than 4%.Tesla shares plunge by at least 15% to $222 – meaning it has lost more than half its value since December while the tech-heavy Nasdaq Composite closes down more than 4
US shares fell sharply again on Monday amid uncertainty in the American economy, with President Donald Trump refusing to rule out a recession.
Tesla shares plunged by at least 15% to $222 – meaning it has lost more than half its value since its peak at $479.86 on 17 December. But Elon Musk said on X that “it will be fine long-term”.
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The tech-heavy Nasdaq Composite closed down more than 4% on Monday while the S&P 500 slumped about 2.7% – its biggest daily percentage drop since 18 December.
The CBOE Volatility Index, often dubbed Wall Street’s “fear gauge”, surged over 3.6 points to hit 27, marking its highest level since 18 December.
Airlines and other companies that need US shoppers feeling confident enough to spend also saw sharp losses. Bitcoin fell below $79,000 from more than $100,000 in December, with richly valued US tech stocks bearing the brunt of the recent sell-off on Wall Street.
