TSLA is trading at 4% down now at $418.23 as Tesla shares fell along with the broader technology sector selloff on October 10, 2025. The decline comes as President Trump announced plans for massive tariffs on China after the country imposed export controls on rare earth minerals vital to tech and defense industries. Tesla dropped 2% according to market reports, part of a broader tech rout that saw AMD fall 7%, Nvidia and Broadcom each lose 2%. The broader market context shows significant weakness with the NASDAQ Composite down 2.67% and the S&P 500 down 2.1% as investors react to escalating trade tensions between the US and China. Trump canceled a planned meeting with Chinese President Xi Jinping at the upcoming APEC summit and warned of steep tariff hikes in response to China's actions. Technology firms sensitive to trade friction experienced sharp losses across the board, with Tesla among the casualties despite no company-specific negative news. The selloff reflects investor concerns about potential supply chain disruptions and the impact of trade tensions on companies with significant China exposure or reliance on Chinese-sourced components.