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- On The Daily (OTD) - 10th March 2025
On The Daily (OTD) - 10th March 2025
Top Stories Today: Tesla and U.S. Markets.

Table of Contents
Top Stories Today
Tesla
Tesla shares tumbled 15% on Monday, marking their worst single-day loss since September 2020 and extending a seven-week losing streak, the longest since the company’s 2010 IPO. Since peaking at $479.86 in December, Tesla’s stock has plunged over 50%, wiping out $800 billion in market value. The downturn was part of a broader market sell-off, with the Nasdaq falling nearly 4%. Investors are increasingly worried about uncertainty surrounding Trump’s tariff policies, which could impact Tesla’s supply chain and pricing. Additionally, Tesla is facing brand damage tied to CEO Elon Musk’s close involvement with the Trump administration, where he leads the Department of Government Efficiency. Reports of vandalism and arson at Tesla locations, along with plunging sales in Europe (down 50% in January), further weigh on investor sentiment. Despite the challenges, the Tesla Model Y remains the top-selling EV globally, though competition from China’s Geely Geome and rising EV demand in Europe highlight the shifting market landscape.
U.S. Markets
Markets plunged Monday as investors became anxious over the uncertainty surrounding President Trump's economic agenda, causing sharp declines across major U.S. indices and cryptocurrencies. The S&P 500 dropped 2.7% to 5,614.56, while the Nasdaq Composite fell 4% to 17,468.32, marking its worst session since September 2022. The Dow Jones Industrial Average tumbled 890 points (2.08%) to 41,911.71, recording its worst single-day loss of the year alongside the S&P 500. Bitcoin also fell sharply, dropping below $80,000, and volatility indicators, including the Cboe Volatility Index, reached their highest level since December. Trump's cautious comments about potential economic difficulties intensified investors' worries, overshadowing the administration's promises of future economic expansion.
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