Tesla stock bleeds, recession fears — and Bitcoin $200,000: Markets news roundup

President Donald Trump at the White House on March 7.

President Donald Trump declined to deny the risk of a recession as markets plunge in response to his tariffs.

Stocks fell sharply on Monday as Wall Street’s fears tied to President Donald Trump’s tariffs continue to pressure the market and investors wait for new economic data, especially inflation on Wednesday.

Tesla CEO Elon Musk speaks at an October 2024 rally for President Donald Trump.

After Donald Trump was named the president-elect of the United States, Tesla (TSLA) stock roared, reaching new highs. But backlash over CEO Elon Musk’s relationship with the president has erased all of those gains.

With post-election gains in the rear-view mirror, Morgan Stanley’s (MS) chief U.S. equity strategist is raising some concerns about the fate of the S&P 500 through at least June. The gist? The Trump bump may morph into a protracted slump.

Bitcoin is here to stay, but meme coins have hurt the marketplace, Anthony Scaramucci says