Tesla's Stock Soars Nearly 12% Amid Eased Tariff Fears

Reported 1 day ago

Tesla's stock surged almost 12%, leading the 'Magnificent Seven' stocks, as investor concerns eased over President Trump's tariff plans affecting the auto sector. Recent reports suggested a delay in implementing tariffs, which boosted optimism for Tesla amidst previous sales declines in crucial markets such as Europe, China, and the US. The EV maker also addressed issues related to autonomy trials in China, and CEO Elon Musk reassured employees about company developments.

Source: YAHOO

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