Tesla rebounds 10% for biggest pop of the year following 9-straight weeks of losses

Tesla rebounds 10% for biggest pop of the year following 9-straight weeks of losses

  • 24.03.2025 16:53
  • nbcnewyork.com
  • Keywords: Tesla, Elon Musk

Tesla shares surged 10%, their biggest gain in 2025, after nine weeks of losses, driven by improving market sentiment and easing concerns over Elon Musk's political stance. Despite the rally, shares remain down over 44% from their December all-time high.

Tesla ReportsTSLAsentiment_satisfied
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Estimated market influence

Tesla

Tesla

Positivesentiment_satisfied
Analyst rating: Neutral

Tesla's shares rebounded by 10%, marking the biggest gain of the year.

Bloomberg

Neutralsentiment_neutral
Analyst rating: N/A

Reported on potential changes in tariffs affecting market sentiment.

Wall Street Journal

Neutralsentiment_neutral
Analyst rating: N/A

Reported on Trump's reciprocal tariffs and their possible impact.

Context

Business Insights and Market Implications

  • Tesla Stock Rebound: Tesla shares are up 10%, marking their best day of the year and the best performance in the S&P 500 since November 6, 2024.
  • Stock Performance Relative to All-Time High: Shares are trading at more than 44% below their all-time high from December.
  • Decline Driver: The selloff over the past nine weeks was driven by rising consumer boycotts and plummeting demand linked to Elon Musk's rise as a right-wing political figure.
  • Market Sentiment Impact: Improved broader market sentiment, influenced by reports on U.S. tariffs, contributed to Tesla's rebound.
  • Musk's Address to Employees: At an all-hands meeting, Musk urged employees to "git gud" and reaffirmed the Model Y's position as the "best-selling car on Earth" for 2025.
  • Competitive Dynamics: Tesla faces challenges from declining demand amid political controversies surrounding its CEO, potentially impacting its market leadership in electric vehicles.
  • Long-Term Effects: The sustained decline in stock price and consumer sentiment could have long-term implications for Tesla's growth and market share.
  • Regulatory Impact: Potential changes in trade policies and tariffs may influence the automotive sector, including Tesla's supply chain and pricing strategies.