Tesla Shares Surge Nearly 10% Amid Tariff Easing Reports

Tesla shares surged nearly 10% following optimistic reports that the Trump administration may delay certain tariffs affecting the automotive sector. This rally, attributed to a rebound in the stock after a series of declines, was further fueled by comments from CEO Elon Musk encouraging employees to hold onto their stock during a recent all-hands meeting. The broader market also saw a rise, with major indexes achieving two-week highs, as investors reacted positively to easing trade war concerns. Analysts noted that Tesla remains a significant focus among retail investors, especially on platforms like r/WallStreetBets, with substantial buying activity reported. Despite this rebound, Tesla shares are still down nearly 50% from their record high in December, reflecting ongoing challenges in the EV market amid competition and demand issues. Analysts have mixed views on the company's future, with some highlighting its potential transition into AI and robotics despite current delivery challenges.