Tesla jumps after Trump authorizes 90-day pause on tariffs

EV maker Tesla's shares rise 12.5% to $248.20

U.S. President Donald Trump authorizes 90-day pause on sweeping global tariffs, even as he raises levies to 125% on imports from China

Trump's 104% tariffs on Chinese imports had kicked in earlier on Wednesday

For Tesla, already in a bruising price war with local Chinese rivals, potentially raising prices due to tariffs was considered to be a factor that could further pressure demand

Tesla CEO Musk, a Trump adviser who has been working to cut federal spending, has earlier said he hoped in future to see complete freedom of trade between U.S. and Europe

Analysts' average rating on TSLA is "hold" with median price target at $317.50- LSEG

TSLA down ~37.8% YTD, as stock pressured by worsening image due to Musk's role in DOGE and tepid end-market demand