Tesla (TSLA) shares soared on Friday, reaching their highest point since February, marking a third consecutive week of gains for the electric vehicle manufacturer. The new week appears to be opening even higher for the tech giant.
OH SHLIT
Somebody check on Tamp0n Tim… 🤣🤣 pic.twitter.com/KGQMF4VvgO
— American AF 🇺🇸 (@iAnonPatriot) May 12, 2025
The surge was fueled by positive trade sentiment, as President Trump proposed reducing US tariffs on Chinese imports ahead of weekend trade talks. This followed a recent US-UK trade agreement. Monday, expectations are high for further details about the trade deal apparently reached with China over the weekend.
Tesla’s stock closed 4.7% higher, with a weekly gain of approximately 4%. Over the past three weeks, shares have risen nearly 15%, driven by an earnings report where CEO Elon Musk announced he would focus more on Tesla as he steps back from the Trump administration.
However, Tesla faced challenges in Europe, with persistent sales declines. In the UK, April Tesla registrations dropped to 512 vehicles, a 62% decrease from the previous year, according to the Society of Motor Manufacturers and Traders.
In Germany, home to Tesla’s only European factory, registrations fell 46% to 885, per the KBA trade group. Other markets, including France (down 59%), Denmark (down 67%), and Sweden (down 81%), also saw sharp declines, per Bloomberg’s analysis of national auto data. These figures align with weak European sales in March and a disappointing first quarter.
In the US, Tesla introduced a new rear-drive Model Y SUV priced at $46,630 before incentives and offered low-cost financing to stimulate second-quarter sales. However, CarScoops reported that Model Y Launch Editions, priced at $59,900, are accumulating at Tesla showrooms, signaling demand issues.
Through it all, anti-Musk and anti-DOGE domestic terrorists continue to vandalize Tesla vehicles and terrorize Tesla vehicle owners.
Despite these challenges, Tesla’s stock performance remains driven by market sentiment, trade developments, Musk’s renewed focus, and the company’s robotaxi ambitions rather than traditional fundamentals.
On Thursday, Tesla lost its bid for exclusive use of the term “robotaxi,” as ruled by the US Patent and Trademark Office.
