Why Tesla Stock Is Surging Today
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Shares of Tesla (TSLA) surged 4.1% on Thursday, boosted by President Trump's announcement of a trade agreement with the U.K. This marks the first major deal since tariffs were imposed in April, although specifics remain unclear. The tentative deal does not yet lower the U.K.'s 10% tariff on U.S. automobiles but opens the possibility for future reductions. Despite the optimism, Tesla faces challenges with declining sales in key markets, and concerns about stock valuation persist.
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