The FTSE 100 experienced a sharp decline today as Tesla's stock plummeted, sending shockwaves through global markets. Investors faced heightened volatility amid concerns over inflation, interest rates, and corporate earnings.
Why Did Tesla Shares Crash?
Tesla's stock nosedived following disappointing quarterly results, raising fears about slowing demand for electric vehicles. The company's revenue fell short of expectations, triggering a broader tech sell-off.
FTSE 100 Under Pressure
London's blue-chip index dropped by 1.2%, dragged down by losses in the energy and banking sectors. Rising bond yields and geopolitical tensions further dampened investor sentiment.
Key Market Drivers:
- Tesla's earnings miss spooked tech investors.
- Inflation worries persist as central banks signal further rate hikes.
- Energy stocks slipped amid falling oil prices.
Analysts warn that market turbulence could continue in the coming weeks as economic uncertainty lingers.
