On July 7, #美国加征关税 7, the storm hit the US stock market at opening! The three major indices opened lower collectively:

The Dow Jones fell by 76 points,

The S&P 500 dropped by 0.36%,

The Nasdaq plummeted by over 92 points, with tech stocks under pressure.

Tesla's opening plummeted by 7.6%, falling below the $300 mark!

Its highly leveraged ETF — TSLL plummeted by 15%!

The underlying catalyst was: Musk officially 'forming a party' triggered an escalation of conflict with Trump's camp, raising market concerns that his political actions could further disrupt Tesla's fundamentals.

Meanwhile, the crypto concept stock Bit Digital surged over 13% against the trend!

The company announced the sale of Bitcoin and a heavy investment in Ethereum (ETH), becoming the first listed crypto company to hold a full warehouse of ETH, leading to a hot market reaction.

On this day, the tech and crypto sectors experienced a stark contrast!

What do you think of Tesla's sharp decline? Is it triggered by political risk, or is it a buying opportunity?