From Yahoo Finance: 2025-05-09 16:05:00

Tesla stock surged to highest level since February with 3rd week of gains, up 4.7% on Friday. Trump floats cut to US tariffs on Chinese imports ahead of negotiations. Tesla faces sales weakness in Europe with regisrations down sharply in key markets like UK, Germany, France, Denmark, and Sweden.

In response to sales challenges, Tesla adds rear-drive Model Y SUV version in US at $46,630. Company aims to boost sales with cheap financing offers, while Model Y Launch Editions pile up in showrooms. Tesla stock performance driven more by market sentiment, trade, Musk’s return, and robotaxi bet than fundamentals.

Tesla loses bid for exclusive use of “robotaxi” term. Stock performance linked to Musk’s return and upbeat trade news. Sales in Europe face challenges with significant drops in key markets. Tesla adds new Model Y version and financing offers to boost US sales.

Read more: Tesla stock jumps to highest levels since February, notching 3rd straight week of gains