From Yahoo Finance: 2025-03-24 10:52:00

Tesla stock (TSLA) surged 10% on Monday, leading gains among the “Magnificent Seven” as investors were optimistic about President Trump’s tariff plans not impacting Tesla’s bottom line.

Reports suggested Trump will delay auto sector tariffs, alleviating concerns about Tesla’s sales slump and backlash against CEO Elon Musk’s political ties.

Tesla responded to complaints about pausing its Full Self-Driving trial in China, promising to release features once regulatory approval is obtained.

CEO Elon Musk held an impromptu company all-hands meeting to update on product progress and reassure investors.

Tesla’s sales have recently declined in key regions like Europe, China, and the US, partially due to the transition to the Model Y SUV and Musk’s political affiliations impacting the brand.



Read more at Yahoo Finance: Tesla surges 10%, leads ‘Mag 7’ stocks higher as tariff worries ease