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Tesla and tech giants dip in premarket trading amid tariff policy uncertainty

Published 30/05/2025, 11:04
© Reuters
MSFT
-1.45%
GOOGL
-0.33%
AAPL
-0.27%
AMZN
1.12%
NVDA
-0.73%
TSLA
0.23%
META
-1.47%

Investing.com -- Tesla (NASDAQ:TSLA), along with prominent tech companies, experienced a dip in premarket trading on Friday due to revived concerns surrounding President Donald Trump’s tariff policies. The decrease in stock value followed a period of uncertainty instigated by the suspension of most of Trump’s tariffs through a pair of rulings.

The White House dedicated Thursday to managing the repercussions of these rulings. A federal appeals court has temporarily halted the decision to allow for the hearing of arguments. Depending on the outcome, the court could potentially support the original ruling and obstruct Trump’s tariff policy.

Among the stocks affected, Tesla saw a decrease of 1.2% in premarket trading. Other tech giants such as Nvidia (NASDAQ:NVDA), Meta (NASDAQ:META), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL), and Microsoft (NASDAQ:MSFT) also experienced a drop, though less than 1%. In contrast, Apple (NASDAQ:AAPL)’s shares saw a slight increase. These companies are collectively known as the "Magnificent Seven" in the stock market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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