Just wanted to say thank you to everyone supporting Tesla in the face of relentless attacks.
❤️❤️ Super Appreciated!! ❤️❤️
— Elon Musk (@elonmusk) March 22, 2025
Tesla stock surged nearly 12% on Monday, leading a broader market rally as investors bet that President Donald Trump’s reciprocal tariffs won’t be as severe as initially feared. The S&P 500 rose 1.8%, hitting its highest level since March 7, while the Dow Jones Industrial Average rallied 1.4% and the Nasdaq jumped 2.3%. The rally was attributed to easing trade war concerns, with reports suggesting that Trump’s tariffs set to go into effect next week will be more focused than previously suggested.
BREAKING: Elon Musk's Tesla stock up 20% since Tim Walz celebrated the stock "falling” pic.twitter.com/2dIL2fbS2o
— Tesla Owners Silicon Valley (@teslaownersSV) March 24, 2025
Trump also indicated that “a lot of countries” might be granted exemptions from the impending tariffs, further fueling the comeback. Tesla’s surge added approximately $95 billion in market capitalization on Monday, more than twice Ford’s total valuation. Elon Musk’s net worth increased by about $16.5 billion, bringing his total wealth to a world-leading $351 billion.
Elon claims that $TSLA shorts are behind the Tesla Takedown movement based on a "exclusive" tweet from professional nutjob Laura Loomer who provides zero evidence whatsoever.
She just highlights that long-time Tesla critics are involved in the movement.
Long-time Tesla critics… pic.twitter.com/e5ieRDJdug
— Fred Lambert (@FredericLambert) March 23, 2025
Tesla leads market rebound
Despite the recent gains, the “magnificent seven” big American technology stocks, including Tesla, have had a challenging start to 2025 due to the impact of tariffs and a shift into safer assets. Tesla remains the S&P’s second-biggest loser year-to-date, and collectively, the magnificent seven are down about 12% in 2025.
There are so many people who shorted TSLA recently.
They’re getting so burned right now. Don’t mess with $TSLA shareholders and Elon Musk. pic.twitter.com/zgv5aWquYT
— Nic Cruz Patane (@niccruzpatane) March 24, 2025
In another signal of improving risk appetite, bitcoin prices rose to their highest level since March 7, trading above $88,000, roughly a 15% jump from the world’s largest cryptocurrency’s March low. Over the last two months, the stock market has been highly volatile, often swinging due to the latest developments regarding Trump’s plans for wide-sweeping tariffs. Significant confusion about the implementation and effective rates of these tariffs has increased concerns that the U.S. may dip into a recession.
The Federal Reserve recently upped its inflation forecast and anticipates lower economic growth this year due to ongoing economic uncertainty.