Tesla Stock Drops 0.095% Amid Broader Market Selloff Bitcoin Hits All-Time High Over $109,000

Tesla's stock price opened the week with a decline, falling to $315.35, marking a 0.095% decrease. This downturn was part of a broader market selloff that affected not only US equities but also precious metals. The S&P 500 index, a key benchmark for the US stock market, also saw a decline, reflecting the broader market sentiment. Concurrently, gold prices also experienced a drop, aligning with the overall market trend.

Bitcoin, on the other hand, closed the week at an all-time high, with its price reaching over $109,000. This represents an impressive increase, as Bitcoin managed to stay above $108,500 before closing Sunday. The action split risk markets in two, with stocks going down and crypto going up. The trigger for the market movements came straight out of Washington after President Donald Trump confirmed on Sunday that new tariffs will begin August 1, not July 9 as markets had priced in. The news sent US stock futures into a tailspin Sunday night, with the Dow Jones Industrial Average dropping 146 points, down 0.32%. S&P 500 futures lost 0.39% and Nasdaq 100 futures fell 0.42%.

The update came after days of guessing by investors and left Wall Street hanging just as they were coming off a strong week. The new tariff date was confirmed by Treasury Secretary Scott Bessent during an appearance on CNN’s “State of the Union” earlier Sunday. “If there’s no deal, tariffs go back to April 2 levels on August 1,” he said. That announcement set expectations that major duties could return unless a breakthrough is made in trade talks. Most investors had planned around tariffs starting this week. That now looks wrong. The original 90-day pause from April’s “reciprocal” tariffs was set to expire Tuesday, with an EU agreement deadline hitting Wednesday. If no deal is struck with the European Union, tariffs up to 50% on EU goods are expected.

Last week’s stock rally came from the belief that Trump wouldn’t actually follow through with the most extreme tariff threats. That optimism collapsed. Still, some traders are holding out hope. They believe US firms will beat weak earnings expectations if they can show they’re ready to handle tariffs. The US Dollar Index dipped slightly to 96.90, while China’s Renminbi fell 0.07% to 7.1656. The Japanese Yen also slipped to 0.0069, with a minor move of +0.0000090. Other currencies, including the euro, pound, and ruble, are also trading just below neutral. Silver, unlike gold, ripped to $37.225, the highest price seen in nearly 14 years. That spike stood out in a market dominated by selling pressure.

Bitcoin's surge was driven by strong institutional demand, with nearly 50,000 BTC moving into US spot ETFs over the past month. Market analysts are calling it “whale games,” as large buyers quietly accumulate while retail watches from the sidelines. Based on their flow-to-price model, the next major target sits at $117,000. That model has tracked closely with price action in previous cycles, especially during aggressive ETF accumulation. Gold, which had gained almost 2% last week, gave back ground and hovered around $3,325 per ounce on Monday. It’s still up over 25% in 2025 and is sitting just under $170 shy of its April record. ETF inflows and central bank demand have kept gold up this year, but short-term traders pulled back after the White House announcement.

Tesla, which already holds over $1 billion in Bitcoin, has been closely watched for its cryptocurrency holdings. Elon Musk, the company's CEO, has been known to make subtle moves in the cryptocurrency market, which has caught the attention of investors and analysts alike. The broader economic landscape also played a role in the market's performance. There is a risk that the economy could enter a recession, which could have significant implications for stock prices. Analysts have noted that while the stock market has shown strong gains in recent months, the potential for a recession remains a concern. The S&P 500 index, for example, has rebounded impressively, up 25% from its April low, but this momentum could be fragile in the face of economic uncertainty.