Elon Musk Says “Hold Your Stock” as Tesla Stock Rips Higher on Tariff Speculation
Tesla stock (TSLA) ripped 4% higher today after a mix of bullish signals sent investors scrambling back in. According to Reuters, CEO Elon Musk told employees during a company-wide meeting to “hold onto your stock”—a rare and direct vote of confidence that tends to land well with the Tesla faithful. Musk’s comment hit just as fresh reports surfaced suggesting the Trump administration may exclude certain sector-specific tariffs when new trade measures kick in on April 2.
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Together, the two jolts of optimism helped lift the stock at a time when it badly needed a bounce—Tesla has lost roughly 36% so far this year, making it one of the worst performers in the S&P 500.
Tariff Relief and Political Hints Lift Market Mood
The surge followed fresh reports suggesting the Trump administration may offer leeway on certain industry-specific tariffs when reciprocal trade measures take effect on April 2. That alone sparked renewed interest in tech names, and Tesla—often caught in the crosshairs of global trade tensions—was quick to benefit. The news revived optimism that Tesla’s China-facing operations could avoid the worst of the fallout, at least temporarily.
Competition Still Pressures Outlook
That said, Tesla isn’t operating in a vacuum. Chinese rival BYD (BYDDY) reported a 73% surge in profit last quarter, showing just how intense the global EV race has become. But today’s price action suggests there’s more driving the move than just tariff speculation. It also signals that Tesla, even in a crowded EV field, still holds serious weight when it comes to long-term bets on battery tech, autonomy, and the future of transportation.
Whether this rally holds depends on how trade policy plays out—and whether Musk can keep investor confidence from slipping again.
What Is Tesla’s Stock Prediction in 2025?
Despite the rocky quarter, analysts haven’t turned their backs on Tesla completely. Most remain cautiously on the sidelines, rating TSLA a Moderate Buy. The average 12-month TSLA price target sits at $315, implying about 15% upside from current levels.
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