Tesla (TSLA) has been in a steep downtrend - a decline that began in mid-December. The stock finally had a strong up day on March 12 after announcing a partnership of sorts with Baidu (BIDU) in China.

All of this has taken a toll on U.S. stocks and the U.S. dollar (DX00), and given the advantage to financial markets in Europe and parts of Asia in particular.

After Thursday's drubbing, the S&P 500 finished down 10.2% from from its Feb. 19 peak.) Related: Inflation's impact on Fed ...

Wall Street Tech analyst Dan Ives raises concerns from Tesla investors and why Elon Musk’s venture into politics may damage ...