DETROIT (AP) — President Donald Trump’s tariff blitz has sent shock waves throughout every aspect of the global economy, including the auto sector, where multi-billion-dollar plans to electrify in the United States are especially at risk. Here’s what consumers should know about the impact of tariffs on electric vehicles.

Shares of Apple, Tesla, and Nvidia extend losses Friday after China says it will impose a 34% retaliatory tariff on all imported goods from the U.S.

Tesla's stocks had been falling due to discouraging sales reports, but surprisingly began to rise after rumors that Elon Musk would leave his government position in a few months.

America’s top tech stocks plunged after Donald Trump’s tariff announcements, with the so-called Magnificent 7 — Nvidia, Apple, Alphabet, Microsoft, Meta, Amazon, and Tesla — losing more than a trillion dollars in collective value the next day and continuing their bleeding on Friday.

That was interesting.On Wednesday, Tesla stock fell after first-quarter deliveries disappointed, then jumped on news that CEO Elon Musk might step away from DOGE, and then dropped in after-hours trading,

The major indexes suffered their worst weekly losses in years as the latest Trump tariffs were far higher than expected. Treasury yields and rude oil dived.

U.S. chip companies, banks and oil majors fell sharply on Friday after China retaliated to Trump's tariffs with steep duties, in an intensifying trade war between the world's two largest economies that cast a shadow on global growth.

Tesla CEO Elon Musk has dominated the headlines in 2025, waging war on the federal workforce as the head of President Trump’s Department of Government Efficiency, picking fights on his social media platform X and throwing himself into the center of the first major election since Trump took office.