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Why Tesla Stock Is Soaring Today Even as Tariff Trouble Mounts

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The electric vehicle ( EV ) stock gained 5.2% as of 1:05 p.m. ET after gaining 6.4% earlier in the day .

The bounce comes as the S&P 500 and Nasdaq Composite were green even as more retaliatory tariffs on the U.S. were announced.

A Wall Street firm added Tesla to its "best ideas" list.