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Why Tesla, Ford, and General Motors Stocks Crashed


Russia's attack on Ukraine seems to be causing collateral damage in the automotive market today. As of 12:40 p.m., shares of both Ford Motor (NYSE: F) and General Motors (NYSE: GM) are down steeply -- 6.9% and 5%, respectively. Rival electric car specialist Tesla (NASDAQ: TSLA) is tumbling a bit, too. Up more than 2 percentage points earlier in the day, Tesla stock has given back all its gains and is now down 0.8%.

What the heck is going on here?

Image source: Getty Images.

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Source Fool.com

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