Stocks rise as Trump delays tariffs on auto sector, boosting Tesla; positive.

From Yahoo Finance: 2025-03-24 09:30:00

Tesla stock rose nearly 4% in premarket trading on Monday, driven by optimism surrounding US tariff plans. President Trump delayed imposing tariffs on the auto sector, alleviating concerns about trade duties affecting Tesla’s earnings outlooks.

Responding to complaints, Tesla vowed to release Full Self-Driving features in China once regulatory approval is obtained. However, the company faces declining sales in overseas markets with rivals like BYD gaining ground, outselling Tesla in Europe in February.

Tesla shares initially surged post-US election, benefiting from CEO Elon Musk’s ties to the Trump administration. Despite a recent pullback, the stock rebounded last week after Tesla announced plans to launch a robotaxi service by 2025.

Read more: Dow, S&P 500, Nasdaq jump amid hopes Trump will soften next tariff blow