SX to extend losses, Tesla's tumble sinks S&P 500

Australian shares are poised to open at a two-month low. The S & P 500 dropped and US bond yields tumbled after a sharp rise in consumer pessimism cast a darker shadow over the economic outlook. Tesla and bitcoin plunged. Consumer confidence fell the most this month since 2021 as President Donald Trump's tariff plans and Elon Musk's slashing of the federal workforce rattles cages. Australian Treasurer Jim Chalmers said that he had "very constructive" talks with US Treasury Secretary Scott Bessent in Washington, and that they continued the conversation on tariffs. Tesla sank after its European sales fell almost…