One of the biggest Tesla (TSLA) bulls on Wall Street says it’s time for Elon Musk to change the narrative about his EV maker.
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- Trump tariffs hammer stocks, recession fears rise, Tesla after Elon Musk’s DOGE days: Markets news roundup
Despite taking a hit earlier in the day from weak deliveries, Tesla (TSLA) stock is now soaring as Elon Musk’s time in the federal government appears to be nearing an end.
Stocks trim losses as good economic numbers ease recession fears
Stocks’ losses eased after data showed the labor market holding up and fourth-quarter economic growth was revised higher. The good news helped temper the impact of Trump’s announcement of 25% tariffs on cars, trucks and auto parts — which sent General Motors (GM) and some peers down.
Dow jumps 598 points as Trump eases off on tariff plans
Stocks surged on Monday as Donald Trump said he may scale back tariffs set to be unveiled on April. 2. The Nasdaq Composite index gained 2.3%, as all Magnificent 7 stocks surged, the S&P 500 gained 1.8%, and the Dow Jones industrial average gained 1.4%, or almost 600 points.