Tesla stock pops after Trump comments on China tariffs and Powell, despite weak earnings

US President Donald Trump and Tesla CEO Elon Musk, alongside Musk's son X Æ A-Xii, speak to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. Tesla shares popped 5% after CEO Elon Musk suggested that he will spend more time at the company and tariff optimism from the White House lifted broader investor sentiment. Shares were initially flat postmarket, jumping on tariff optimism after President Donald Trump signaled that duties on China won't be as high as 145% and said he has "no intention" of firing Federal Reserve Chair Jerome Powell ahead of Tesla's earnings call. The president had previously intensified pressure on the central bank chair, declining to rule out firing Powell before the end of his term. The electric vehicle maker reported lackluster first-quarter results, which included a 20% year-over-year drop in automotive revenue and a 71% decline in net income. Tesla also said it would "revisit" 2025 ... Read full article.