Tesla (TSLA) Stock Continues Climb as Auto Tariffs Rock Rivals

Tesla (TSLA) stock has climbed in the last few days despite newly-announced auto-tariffs by US President Donald Trump. The EV automaker was expected to be affected by the tariffs slightly, but it is actually reaping the benefit of rival manufacturers being hit harder.

Trump’s 25% tariffs are expected to disrupt the global automotive industry and raise the cost of vehicles in the United States. Shares of Ford, General Motors, and Chrysler-parent Stellantis were down between 1.2% and 5.8%, and their earnings are expected to take a hit as well. Meanwhile, TSLA stock is sitting in the green during Thursday’s trading session, continuing its momentum over the past week. Tesla’s shares are up 20% in the past five days alone, helping reverse a slow start to 2025.

Tesla Stock Finally Rebounds

After trading below its 52-week range and 200-day simple moving average, Tesla TSLA is quickly back to the middle of that range. While it may be too soon to call, experts previously projected that the TSLA stock would begin its rebound once the auto tariffs were put into effect. Of course, the company would be somewhat affected, however, stock was expected to show far more resilience than other top automakers. One of the biggest reasons for this is that Tesla is a US-based company, while other top manufacturers are based out of China, Germany, or Japan.

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Tesla has mainly built self-sufficient supply chains in the United States and China, a rarity in a world of interconnected trade. As a result, the tariffs imposed by the Trump administration on Chinese goods and the continuing threat to put them on Mexican and Canadian products are helping Tesla by hurting its competitors more.

With the recent gains, investors are now mixed on how to approach the Tesla (TSLA) stock. Analysts at CNN are split, with 51% of 57 analysts suggesting to buy into TSLA, 26% suggesting to hold, and 23% calling to sell shares. The stock has a median price projection of $371.50 over the next 12 months, a potential gain of 31% from current prices. However, the highest forecast suggests Tesla stock reaching a whopping $1,000 a share, an over 253.97% from current prices.