Tesla surges over 5% as US unveils car tariff - Breaking The News

Tesla surges over 5% as US unveils car tariff

27 March

1 min read

EPA-EFE/RITCHIE B TONGO

Tesla Inc. shares soared over 5% on Thursday after United States President Donald Trump announced a 25% tariff on vehicles imported from abroad. However, Tesla CEO Elon Musk said yesterday that the impact of the measures on his company will be "significant" as the price of Tesla car parts manufactured outside of the US will rise.

Tesla jumped 5.77% at 11:20 am ET, going for $287.60. The automaker's stock is still down 28.4% in the year to date.

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