On July 7, 2025, President Donald Trump announced 25% tariffs on imports from Japan and South Korea, effective August 1, 2025.
The S&P 500, Nasdaq 100, and Dow Jones Industrial Average all fell in response. Tesla Inc. (TSLA) shares dropped 8.4%, impacting CEO Elon Musk's net worth.
Musk's announcement of a new political party, the "America Party," further fueled investor concerns. Market analysts predict increased volatility due to trade tensions and political instability. As of July 8, 2025, Tesla's stock is trading at $293.94.