The Rundown Tesla Pauses Model S and X Sales in China, Meta Prepares for Antitrust Fight
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Apr 11, 2025 Tesla is facing challenges as it pauses Model S and X sales in China due to tariffs, sparking discussions about U.S.-China trade tensions. Meanwhile, Meta is gearing up for an antitrust trial that could reshape its future. The stock market is volatile, with a surge in retail investor activity leading to impressive net purchases, but concerns linger about potential withdrawals. It's a wild ride through legal battles and market dynamics!
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Market Uncertainty
- Markets dropped, reversing Wednesday's gains due to tariff uncertainty.
- Investors are nervous about the escalating trade war with China and its economic impact.
Tesla and China Tariffs
- Tesla halted Model S and X orders in China due to a 125% tariff on US imports.
- This tariff makes Tesla less competitive against Chinese EV makers like BYD.
Meta's Antitrust Case
- Meta faces an FTC lawsuit challenging its acquisitions of Instagram and WhatsApp.
- The FTC argues Meta monopolized social media through these acquisitions.