Tesla shares soared nearly 23% after President Trump announced a 90-day pause on tariffs for over 75 nation, excluding China, boosting investor confidence and lifting the EV giant’s market value to $852.9 billion amid a volatile trading year.
Tesla shares soared by 22.69% on Wednesday, closing at $272.20, after U.S. President Donald Trump announced a 90-day pause on newly imposed reciprocal tariffs for over 75 countries—excluding China. The electric vehicle giant’s market value climbed to $852.9 billion, marking a significant rebound following months of volatility.
The sharp rally came after Trump posted on his Truth Social platform that the temporary pause and a reduced 10% tariff rate would take immediate effect, sparking a broader surge in U.S. stock markets.
Tesla, which has suffered a 44% share price decline since December due to intensifying Chinese competition and CEO Elon Musk’s political ties, appeared to benefit most from the policy shift. Musk, whose personal net worth once peaked at $486 billion, has seen losses of over $130 billion this year alone—driven largely by Tesla’s market dip and investor concerns over his close association with Trump.
Trump's decision to maintain a harsh 125% tariff on Chinese imports while easing pressure on others has triggered mixed reactions but offered much-needed relief to U.S. based manufacturers like Tesla.
As markets digest the temporary reprieve, all eyes remain on how Tesla and global trade dynamics will evolve over the next 90 days.
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Tesla delivered 1.64 million vehicles in 2025, down 9%, as BYD becomes the top EV maker.
Prime Minister Benjamin Netanyahu held a joint conference call on Sunday night from Florida with entrepreneur Elon Musk, Transportation Minister Miri Regev and Head of the National AI Directorate Erez Eskel.
Tesla CEO Elon Musk has become the world’s richest individual, with a net worth of US$749 billion, after the Delaware Supreme Court reinstated $139 billion in stock options that were voided last year, according to Forbes’ billionaires index.
Wall Street closed sharply lower on Thursday, dragged down by steep losses in Nvidia, Tesla, and other artificial-intelligence heavyweights, as investors dialed back expectations for further Federal Reserve interest-rate cuts amid renewed inflation concerns and mixed signals from policymakers.
Storm Leonardo hit Spain and Portugal on Tuesday, forcing more than 11,000 people from their homes, as a man in Portugal died after his car was swept away by floodwaters and a second body was found in Malaga.
Winter weather has brought air travel in the German capital to a complete halt, stranding thousands of passengers as severe icing conditions make runways and aircraft unsafe for operation and force authorities to shut down one of Europe’s key transport hubs.
An attacker opened fire at the gates of a Shiite Muslim mosque in Islamabad on Friday before detonating a suicide bomb that killed at least 31 people in the deadliest assault of its kind in the capital in more than a decade.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 6th of February, covering the latest developments you need to know.
Greek authorities said they have arrested a member of the armed forces on suspicion of leaking highly sensitive military information to foreign handlers allegedly linked to China.
Türkiye’s national energy company, TPAO, has struck a new cooperation deal with U.S. energy giant Chevron, signing a memorandum of understanding to explore joint oil and gas exploration and production opportunities, the Turkish Energy and Natural Resources Ministry announced on Thursday.
Wall Street ended sharply lower on Tuesday as investors worried about artificial intelligence (AI) creating more competition for software makers, keeping them on edge ahead of quarterly reports from Alphabet and Amazon later this week.
U.S. stock markets finished mixed on Wednesday (28 January) as investors reacted calmly after the Federal Reserve left interest rates unchanged, a decision that had been widely expected and largely priced in.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Chevron is in talks with Iraq’s oil ministry over potential changes to the commercial framework governing the West Qurna 2 oilfield, one of the world’s largest producing assets, after Baghdad nationalised the field earlier this month following U.S. sanctions imposed on Russia’s Lukoil.
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