Tesla stock lost 5.2% on Monday, closing at $383.68. The S&P 500 and Dow Jones Industrial Average fell about 0.8% and 0.3%. Ford Motor shares fell 1.7% to $9.89. General Motors st

Tesla was the worst-performing Magnificent Seven stock on Monday, falling more than 5%, after President Trump moved to impose stiff tariffs on America's largest trading partners. The automotive industries of the U.

Tesla may soon face a significant hurdle in Canada. Chrystia Freeland, a candidate for the leadership of Canada’s Liberal Party, has proposed a 100% tariff on U.S.-made Teslas in response to former President Donald Trump’s latest trade policies, The Canadian Press reported.

Tesla was particularly battered as it joined Apple (-3%) and Nvidia (-3%), as American multinational companies with the highest proportion of sales in China.

Tesla’s stock fell 5% on Monday, the biggest drop for any member of the so-called Magnificent Seven, while Apple shares dropped 3%.

President Donald Trump's decision to impose tariffs on goods from China and Canada has resonated widely in the market. According to CNBC, Tesla and Apple recorded drops in their 5% and 3% stock values,