President Donald Trump announced what he said was a “permanent” 25% tariff on all foreign-made cars and trucks.

The main European indices conclude a session of losses where Germany is the most affected. Donald Trump announced last night a new tariff of 25% that directly targets the automotive sector outside of the United States (US),

Automaker stocks slumped following President Donald Trump’s announcement that he will place 25% tariffs on auto imports

Tesla’s (TSLA) stock has faced a steep decline of 33% in the year to date, driven by mounting challenges in the electric vehicle (EV) industry and company-specific headwinds. In Europe, Tesla’s sales dropped by a staggering 49% during the first two months of 2025 compared to the same period in 2024,

Tesla’s stock closed higher Tuesday for the fifth straight day, a remarkable and sustained rally that has recaptured a quarter of the value it lost in the last three months. It may not last.

Shares of Tesla (NASDAQ: TSLA) are surging on Thursday. The electric-vehicle (EV) maker's stock gained 5.2% as of 11:40 a.m. ET and was up as much as 7.3% earlier in the day. The jump comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) showed modest gains.