Tesla Stock's 11% Surge Powers Broader Comeback—As Investors Bet Trump's Reciprocal Tariffs Won't Be So Bad

Market Performance - The S&P 500 rose 1.7%, reaching its highest level since March 7, and is now up 4% from its six-month intraday low set on March 13, although it remains 6% below its all-time high recorded in February [1][2] - The Dow Jones Industrial Average increased by 1.4%, gaining over 570 points, while the Nasdaq jumped 2.2%, both hitting their highest levels in two weeks [2] Trade War Impact - The market rally was attributed to "easing trade war angst," with reports indicating that President Trump's upcoming reciprocal tariffs will be more focused than initially suggested [3] - Trump's comments about potentially granting "a lot of countries breaks" from the tariffs further fueled investor optimism [3] Technology Sector - The "magnificent seven" technology stocks, including Tesla, Alphabet, Amazon, Apple, Meta, Microsoft, and Nvidia, saw significant gains, with Tesla leading the surge at nearly 11% [4] - Despite the recent bounce, Tesla remains the S&P's second-biggest loser year-to-date, with the magnificent seven index down about 12% in 2025 [4] Market Capitalization - Tesla added approximately $80 billion in market capitalization on the day of the rally, which is roughly twice Ford's total valuation [5] Individual Wealth - Elon Musk's net worth increased by about$15 billion during Tesla's surge, bringing it to an estimated $349 billion, although it is still$115 billion below its peak in December [6] Cryptocurrency Market - Bitcoin prices rose to their highest level since March 7, trading above $88,000, marking a roughly 15% increase from its March low, indicating an improving risk appetite among investors [7]