TSLA: Tesla Stock Rips Higher by 22% as Trump Drops Aggressive Tariff Hikes

Pent-up demand was unleashed like the EV maker just floated shares for the first time. In fact, it was the best day in 12 years.

💥 Tesla Share Book Best Day Since 2013

• Tesla TSLA just reminded everyone why it still dominates headlines — and portfolios. The EV giant surged 22% on Wednesday, its best day in 12 years, after Donald Trump signaled long-awaited and highly speculated relief from proposed tariffs — a move that dramatically eased pressure on US-based companies shipping their stuff from around the world (just not China).
• Wall Street didn’t waste time — buying pressure exploded, fueled by short covering, algorithmic momentum, and an unhealthy dose of “Tesla is so back” energy. Elon Musk’s company added nearly $200 billion to its market cap to close the session at $852 billion, or $272.20 a share.

📢 Trump’s Shifting Tariff Stance

• “I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately,” Trump said. He went on to slam China for being disrespectful and added more tariffs on top of the existing ones.
• “Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately,” Trump wrote on Truth Social.

🚗 Tesla Leads the Way

• Tesla’s breakneck rally led the way for other megacap stocks. The tech-heavy Nasdaq Composite index soared 12% for its best day since 2001. The S&P 500 added a mammoth 9.5% for the session, the broad index’s best showing since the financial crisis of 2008. And the Dow Jones gained a hefty 2,962.86 points.
• While Tesla’s fundamentals remain under scrutiny — softening demand, rising competition, and Elon Musk’s unpredictable antics — this rally shows the brand still has meme-like momentum when macro winds shift in its favor.