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.
New Tesla registrations in Denmark collapsed 67 % in April to 180 vehicles, industry data showed Thursday, underscoring a sharp demand drop for the EV maker in one of its once-strong European markets.
Tesla chair Robyn Denholm called “absolutely false” a Wall Street Journal report that the board is hunting for a successor to CEO Elon Musk, insisting directors remain confident in his leadership.
Canada has suspended Tesla rebate payments and barred the automaker from future EV incentives due to U.S. tariffs. Transport Minister Chrystia Freeland said the freeze will remain until claims are individually reviewed.
Tesla's market share in Europe continued its decline in February, according to new data, as sales of the all-electric carmaker dropped for the second consecutive month.
Canadian police are investigating after more than 80 Tesla vehicles were vandalized at a local dealership.
Kazakhstan and Pakistan signed a series of trade and transit agreements during a high-level business forum in Karachi, paving the way for expanded commercial cooperation and long-term logistics development between the two countries.
France and Poland will sign a groundbreaking treaty on Friday to deepen cooperation on defence and energy, signaling a growing alignment among European nations.
In a notable shift from traditional Republican policy, President Donald Trump has proposed raising taxes on high-income earners to help finance broader tax cuts for middle- and working-class Americans.
European Commission President Ursula von der Leyen announced a renewed drive to establish a unified capital market across the EU, aiming to unlock private investment for defence, digitalisation, and climate initiatives, with significant progress expected before summer.
Romania’s far-right presidential frontrunner George Simion said the country should be compensated for aiding Ukraine, as he clashed with centrist rival Nicusor Dan in a televised debate ahead of the decisive run-off vote.
India has fired a series of missiles into Pakistani-controlled territory, in what it has described as “Operation Sindoor”
For the first time in history, an American has been chosen to lead the Catholic Church, as Cardinal Robert Prevost is named pope.
Discover every major VE Day 80 event in Britain, 5‑8 May 2025—from London’s parade and fly‑past to street parties, concerts and museum exhibitions.
Chinese e-commerce platform Temu has announced it will no longer sell goods directly from China to U.S. customers, shifting instead to U.S.-based sellers amid the closure of a long-criticized customs loophole.
Cardinals from 70 nations have gathered in Vatican City to begin the historic conclave to elect the next pope, following the death of Pope Francis 17 days ago. This conclave is the most geographically diverse in Church history, showcasing Francis’ legacy of inclusivity.
In a notable shift from traditional Republican policy, President Donald Trump has proposed raising taxes on high-income earners to help finance broader tax cuts for middle- and working-class Americans.
Ukraine is exploring whether to replace the U.S. dollar with the euro as its reference currency, as Kyiv aligns more closely with the EU and global trade fractures deepen.
The U.S. Federal Reserve kept its benchmark federal funds rate unchanged on Wednesday, maintaining the target range at 4.25% to 4.50%, in a widely expected move as the central bank navigates a complex economic environment marked by slowing inflation, global trade tensions, and political pressure.
Ford is raising prices on three of its Mexico-made models starting May 2, becoming one of the first major automakers to react to U.S. President Donald Trump's steep auto tariffs, which are reshaping industry costs and consumer prices.
As European NATO countries rush to strengthen their armed forces, large pension bills threaten to divert funds from urgently needed military hardware.
Kazakhstan and Pakistan signed a series of trade and transit agreements during a high-level business forum in Karachi, paving the way for expanded commercial cooperation and long-term logistics development between the two countries.
France and Poland will sign a groundbreaking treaty on Friday to deepen cooperation on defence and energy, signaling a growing alignment among European nations.
In a notable shift from traditional Republican policy, President Donald Trump has proposed raising taxes on high-income earners to help finance broader tax cuts for middle- and working-class Americans.
European Commission President Ursula von der Leyen announced a renewed drive to establish a unified capital market across the EU, aiming to unlock private investment for defence, digitalisation, and climate initiatives, with significant progress expected before summer.
Romania’s far-right presidential frontrunner George Simion said the country should be compensated for aiding Ukraine, as he clashed with centrist rival Nicusor Dan in a televised debate ahead of the decisive run-off vote.
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