Apple extends losses after shares of the iPhone maker lost $313.5 billion in market cap on Thursday after President Donald Trump announced tariffs on U.S. trading partners, Tesla also trades lower, while Nvidia stock recovers slightly.

Signs of Tesla's (NASDAQ: TSLA) brand crisis are almost everywhere you look. Over the weekend, more than 200 "Tesla Takedown" protests were held across the country as Americans expressed their ire about CEO Elon Musk's project to downsize federal agencies -- which President Donald Trump refers to as the Department of Government Efficiency (DOGE) -- by targeting his company.

Another fiscal year and another bold prediction that Tesla’s long-running reign as the global market share leader will end.

Automotive industry experts told BI that Tesla needs to launch more models, develop more advanced technology, and up its advertising.

The auto industry is facing a grim future in the near term with analysts expecting a downturn in sales and an uptick in vehicle pricing. Plus, the biggest brands are still trying to figure out what their final duty fees will be,

Tesla's quarterly sales plunged 13% to the weakest in nearly three years, hurt by a backlash against CEO Elon Musk's politics, rising global competition and people waiting for a refresh to its highest-selling electric vehicle Model Y.

The list is created using five criteria: assembly location, parts content, engine origin, transmission origin and U.S. manufacturing workforce.

The Tesla badge no longer carries the cachet it once did. Across the country, owners are trying to unload their electric vehicles only to face a market where buyers have vanished, and values are in free fall.

Tesla sales in Germany dropped in March compared with the same time last year and were marginally lower in the UK, despite a spike in overall EV sales in both markets, data showed on Thursday.

But this isn't just a tech tantrumit's a full-blown economic gut punch to China. With its old playbookoffshoring and pivoting to new marketsnow blocked, manufacturers are cornered. Beijing's growth target of 5%?

Dow Jones futures plunged overnight, along with S&P 500 futures and Nasdaq futures. They sold off as President Donald Trump unveiled "reciprocal" tariffs vs. the world that were much higher than investors had feared.