Stock Movers Tesla Shares Drop, Nvidia Slumps, Wayfair Falls on Tariff Concerns
Apr 4, 2025
Tesla is facing a major slump, with vehicle deliveries dropping significantly and brand damage mounting. Nvidia is also struggling, hit hard by a massive drop in market capitalization affecting big tech companies. Meanwhile, Wayfair saw its stocks tumble following a downgrade linked to tariff concerns. The discussion dives into how these market shifts are reshaping consumer behavior and investor confidence.
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Tesla's Troubles
- Tesla's Q1 deliveries fell short of estimates, signaling potential brand damage due to Elon Musk's polarizing actions.
- JPMorgan analyst Ryan Brinkman lowered Tesla's earnings estimates, citing the backlash against Musk and declining sales.
Nvidia and Chipmakers Slump
- Nvidia's shares dropped after a market cap wipeout in the Nasdaq 100.
- US chipmakers, reliant on China, face potential losses from increased tariffs.
Wayfair Downgraded
- Wayfair's stock dropped 25% due to tariff concerns, downgraded by Citi to neutral.
- Citi suggests eBay as an alternative for value-seeking consumers amidst potential price hikes.