The Nasdaq tumbled more than 3 percent at the open on Tuesday as investors sold off shares of Tesla and other tech heavyweights, while simmering US-China tensions and concerns over a rocky economic rebound also weighed on sentiment.

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The Nasdaq Composite dropped 412.44 points, or 3.65%, to 10,900.70 at the opening bell. The Dow Jones Industrial Average fell 208.08 points, or 0.74%, at the open to 27,925.23, while the S&P 500 opened lower by 55.08 points, or 1.61%, at 3,371.88.

Crude oil was pressured in US trade with Nymex falling 6.5 percent.