Yesterday, Trump has escalated a trade war with steel and aluminum tariffs. He's threatening more tariffs on Canada and Mexico and Europe. China got a broad 10 percent tariff last week on top of existing tariffs.
I just read a Motley Fool post on why Tesla (TSLA) is down today. Motley Fool is usually a good summarizer of news about what's moving a stock. It mentions BYD's new driver assist, steel and aluminum tariffs from Trump, that Musk is working on DOGE, and that he's feuding with Sam Altman about OpenAI. It doesn't mention retaliatory tariffs, a government action. It doesn't mention boycotts, a consumer action. It doesn't mention that people are tweeting that there is a Tesla boycott happening in Europe and that across a swath of countries sales are down about 47.7 percent. I can't post the tweet because I can't post an image here. I skimmed the summary of Cramer's recent comments on how tariffs can affect the auto industry and there was nothing there on a boycott. A Quartz article blames BYD. Are the media missing the real story? The stock is down from December, so is a boycott already priced in ?