Wall Street followed global markets lower early Monday ahead of the Trump administration's latest tariff rollout later this week. Futures for the S&P 500 sank 1.2%, while futures for the Dow Jones Industrial Average dropped 0.

U.S. stock markets tumbled as President Trump threatened tariffs on all trade partners. The S&P 500 fell 1% and the Nasdaq dropped 2%, dragging tech giants like Nvidia and Tesla down. Global markets also declined,

Former Tesla owners are on the hunt for their next EV, creating an opportunity for legacy automakers and EV startups to gain ground.

While it is too early to say that Teslas are flooding the used car market, there are signs that a growing number of owners may be pulling the plug in Chicago and across the U.S.

By Akash Sriram and Abhirup Roy (Reuters) -Tesla investors are bracing for a drop in first-quarter vehicle deliveries as a backlash against CEO Elon Musk's politics exacerbates weakening demand for the electric vehicle maker's aging lineup.

Wedbush said US auto tariffs will negatively impact Tesla and will force the company to raise prices. "The winner in our view from this tariff is no one."