Reported 4 days ago
Tesla's stock surged by 1.7% on Thursday, increasing its market capitalization by $14.3 billion, which overshadowed declines in U.S. competitors GM and Ford that collectively lost about $4.6 billion in value. The market responded to President Trump's new tariffs on fully-assembled vehicles, favoring Tesla as it manufactures all sold cars in the U.S., unlike its rivals. While broader market reactions were subdued, experts warn of potential long-term impacts on the auto sector and supply chains.
Source: YAHOO