{"id":53373,"date":"2025-04-10T19:56:11","date_gmt":"2025-04-10T19:56:11","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/tesla-shares-soar-22-6-as-trump-grants-tariff-pause"},"modified":"2025-05-07T21:19:06","modified_gmt":"2025-05-07T21:19:06","slug":"tesla-shares-soar-22-6-as-trump-grants-tariff-pause","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/tesla-shares-soar-22-6-as-trump-grants-tariff-pause","title":{"rendered":"Tesla shares soar 22.6% as Trump grants tariff pause"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>US-based electric vehicle (EV) maker Tesla’s shares surged by 22.69% at Wednesday’s close after President Donald Trump announced a 90-day pause for countries hit by his reciprocal tariffs except for China.<\/p>\n

Tesla’s share price rose to $272.2 as a result and the company\u2019s market value reached $852.9 billion.<\/p>\n

The EV producer’s stock price has fallen by around 44% since December last year due to rising competition from China and CEO Elon Musk’s close relationship with Trump.<\/p>\n

Musk\u2019s personal fortune broke a record in December as his net worth, tied to his holdings in Tesla, SpaceX, social media platform X and other companies, reached a peak of $486 billion.<\/p>\n

But Trump\u2019s policies since taking office have seen Musk\u2019s fortunes sinking.<\/p>\n

Musk’s losses have been estimated at over $130 billion since mid-January. He lost $31 billion across Thursday and Friday last week and another $4.4 billion Monday, according to Bloomberg, led by falling Tesla shares due to Trump\u2019s tariffs and investor concerns and declining sales, some spurred by his large public role in the Trump administration.<\/p>\n

Tesla hit a $1.4 trillion market cap in December, surpassing the combined value of the next 40 largest public automakers.<\/p>\n

Trump caused a surge in US stock markets Wednesday after he announced a 90-day reprieve to all nations except China from a Wednesday deadline in which they were expected to be hit with tariffs above his 10% baseline.<\/p>\n

“I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately,” he wrote on his Truth Social platform.<\/p>\n

He also said he was raising the tariff rate on China to 125%.<\/p>\n

For More News And Analysis About Mauritius<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. US-based electric vehicle (EV) maker Tesla’s shares surged by 22.69% at Wednesday’s close after President Donald Trump announced a 90-day pause for countries hit by his reciprocal tariffs except for China. Tesla’s share price rose to $272.2 as a result and the company\u2019s market value reached $852.9 billion. The EV producer’s stock […]<\/p>\n","protected":false},"author":84,"featured_media":53372,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[2713,241,3168,191,1871],"class_list":["post-53373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-electric-vehicles","tag-mauritius","tag-stock-price","tag-tesla","tag-us"],"yoast_head":"\nTesla shares soar 22.6% as Trump grants tariff pause - Mauritius<\/title>\n<meta name=\"description\" content=\"US-based electric vehicle (EV) maker Tesla's shares surged by 22.69% at Wednesday's close after President Donald Trump a ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/tesla-shares-soar-22-6-as-trump-grants-tariff-pause\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tesla shares soar 22.6% as Trump grants tariff pause\" \/>\n<meta property=\"og:description\" content=\"US-based electric vehicle (EV) maker Tesla's shares surged by 22.69% at Wednesday's close after President Donald Trump a ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/tesla-shares-soar-22-6-as-trump-grants-tariff-pause\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-10T19:56:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-07T21:19:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/04\/sm_1744300418.49995.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/tesla-shares-soar-22-6-as-trump-grants-tariff-pause#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/tesla-shares-soar-22-6-as-trump-grants-tariff-pause\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Tesla shares soar 22.6% as Trump grants tariff pause\",\"datePublished\":\"2025-04-10T19:56:11+00:00\",\"dateModified\":\"2025-05-07T21:19:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/tesla-shares-soar-22-6-as-trump-grants-tariff-pause\"},\"wordCount\":290,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/tesla-shares-soar-22-6-as-trump-grants-tariff-pause#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/04\/sm_1744300418.49995.jpg\",\"keywords\":[\"Electric vehicles\",\"Mauritius\",\"stock price\",\"Tesla\",\"US\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/tesla-shares-soar-22-6-as-trump-grants-tariff-pause#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/tesla-shares-soar-22-6-as-trump-grants-tariff-pause\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/tesla-shares-soar-22-6-as-trump-grants-tariff-pause\",\"name\":\"Tesla shares soar 22.6% as Trump grants tariff pause - 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