"China's Growing Troubles Pose Threat to Apple and Tesla Investments"

1 min read
Source: MarketWatch
"China's Growing Troubles Pose Threat to Apple and Tesla Investments"
Photo: MarketWatch
TL;DR Summary

Apple and Tesla are facing challenges in the stock market as China's economic troubles continue to impact their businesses. Both companies have seen their stock prices decline, with China representing a significant portion of their revenues. Competition from Chinese companies like Huawei in the smartphone and electric vehicle markets is adding to their woes. Former White House trade adviser Peter Navarro has raised concerns about the companies' reliance on China for production and sales, questioning their status as safe investments. The market is also experiencing weakness, particularly in tech stocks, as China's growth disappointment affects oil prices and U.S.-listed Chinese stocks.

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