Shares of electric vehicle (EV) maker Tesla (TSLA -7.01%) were trading about 7% lower as of 1:03 p.m. ET Monday. That sell-off came as tensions between the U.S. and China continued to escalate and as investors looked ahead to Tesla’s first-quarter earnings report, which is due out after the market closes Tuesday.
Musk will face the music
U.S. stocks broadly fell on Monday morning after China’s government warned that it will retaliate against any countries that partner with the U.S. on trade in ways that hurt China economically. In addition, market watchers pointed to President Donald Trump’s tariff policies and his latest social media tirades against Federal Reserve Chair Jerome Powell as drivers of Wall Street’s slide.
However, when it comes to Tesla specifically, investors are focused on the company’s upcoming earnings report. The EV maker has already revealed that its deliveries were weak in the…
