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’s European sales have plunged for an eighth straight month, with sharp declines in France, Denmark and Sweden highlighting growing competition, consumer backlash against Elon Musk, and the company’s ageing product line.
Tesla (TSLA.O) chief executive Elon Musk has said the company’s new six-seat Model Y, unveiled in China this week, may never be produced in the United States, citing the rise of self-driving technology.
Tesla announced on Monday via the Chinese social media platform Weibo that its Model Y L is "coming soon," following earlier plans to introduce the new model in China.
Tesla has granted Elon Musk a $29 billion share award as part of a new compensation plan to retain him as CEO while the company shifts focus from electric cars to robotaxis and AI. The move revives elements of a controversial 2018 package previously struck down by a Delaware court.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
The pound and the yen came under strain on Wednesday, weighed down by renewed investor concerns over global fiscal health and political uncertainty in Japan.
The price of gold surged sharply on Wednesday, reaching a new record of $3,530.08 per ounce. Analysts say the rise is driven by expectations of a U.S. Federal Reserve (Fed) rate cut in September and concerns over the central bank’s independence.
The New York Stock Exchange opened sharply lower on 2 September as investors weighed the legality of Donald Trump’s tariffs – a federal appeals court has ruled most of them illegal.
Eurozone annual inflation reached 2.1% in August, up from 2% in July, Eurostat announced on Wednesday.
Kraft Heinz is breaking up into two separate companies a decade after its high-profile merger, aiming to unlock greater shareholder value.
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