Apr 9, 2025 - Politics & Policy
Big win for Musk
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The tariff reprieve is especially good news for Elon Musk, Axios' Nathan Bomey notes.
- Musk became increasingly public in his opposition to tariffs in recent days, ripping Trump trade adviser Peter Navarro as a "moron" and calling for "a zero-tariff situation" between Europe and North America.
💥 Tesla's stock went on a blistering rally immediately after Trump's announcement Wednesday, soaring 18% to nearly $262 per share in mid-afternoon trading.
- But tensions with China could still be a big problem for Tesla, and therefore for Musk.
