Tesla Stock Soars on Tariff Relief. It Wasn’t The Stock’s Best Day Ever.
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Tesla stock soared on Wednesday after President Donald Trump paused his so-called reciprocal tariffs on countries other than China for 90 days. It’s also a sharp reversal from the past week: Coming into Wednesday trading, Tesla stock had dived 21.5% since Trump had announced widespread tariffs on April 2. Before the tariff news, Tesla shares got a bump from Benchmark analyst Mickey Legg, adding Tesla stock to “Benchmark’s Best Ideas” list.
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