U.S. stocks slid on Tuesday after a big sell-off on Wall Street, as President Donald Trump’s tariffs on Canada, Mexico and China took effect — leading to retaliation from some of those countries.
The Dow Jones Industrial Average dropped 300 points, or 0.7%. The S&P 500 shed 0.8%, and the Nasdaq Composite lost 1%.
Electric-vehicle maker Tesla sank 5% in morning trading. Tesla chair Robyn Denholm has sold about $33.7 million in the electric vehicle maker's stock, a filing with the Securities and Exchange Commission showed on Monday. Meanwhile, Tesla sold 30,688 China-made electric vehicles in February, down 49.2% from a year earlier, data from the China Passenger Car Association (CPCA) showed on Tuesday. BofA lowered the firm’s price target on Tesla to $380 from $490 and keeps a Neutral rating on the shares.
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