The stock market further declined on Tuesday as investors weighed the impact of the newly-imposed U.S. tariffs against leading trade partners. Starting Tuesday, the Trump administration implemented tariffs on imports from Canada and Mexico, while doubled tariffs against imports from China.
Overall, S&P 500 dropped 1.2% to 5,778, while NASDAQ slid 0.4% to 18,285.
Tweet of the Day
Ok now I’m getting cautious in AI spending. https://t.co/dkZEs36o3S
— David Sharek (@GrowthStockGuy) February 23, 2025
Chart of the Day
Here is the one-year chart of Tesla (TSLA) as of February 3, 2025, when the stock was at $384.
Tesla is set to launch the unsupervised full self-driving car (FSD) in June 2025. This unsupervised FSD is the next major leap in autonomous vehicle technology, allowing cars to operate without human intervention (i.e., meaning no driver is required in the vehicle).
Elon Musk plans to launch fully unsupervised FSD in Austin. This rollout will be gradual, starting with Tesla’s own fleet before expanding to customer vehicles. Musk stated once the unsupervised FSD is proven reliable, Tesla’s plan is to deploy a global fleet of autonomous Robotaxis, allowing Tesla owners to earn money by letting their cars drive passengers autonomously.
If the launch becomes successful, Tesla will not only dominate the car industry, but will also disrupt the ride-hailing, delivery, and logistics sectors.
TSLA is part of our Growth Portfolio. Elon Musk sees Tesla being the most valuable company in the world by far.
