Tesla Inc. Shares Experience Significant Jump

In a surprising turn of events, Tesla Inc. shares soared by 16% after United States President Donald Trump announced a 90-day delay on tariffs and a reduction in reciprocal tariffs previously imposed on various countries.

Market Reaction to Trump's Announcement

The financial markets responded swiftly to the news, with the Dow Jones skyrocketing more than 7% and the Nasdaq 100 surging over 8%. This immediate reaction underscores the significant impact of trade policies on market dynamics.

Tesla's Stock Performance

At 2:01 pm ET, the tech giant's stock had expanded by an impressive 17.61%, trading at $260.56 per share. This notable increase highlights Tesla's strong position in the market and investor confidence in the company's future.