- Summary:
- Tesla stock jumps 5.3% as traders shake off U.S. tariff fears. TSLA reclaims $273 resistance with bullish momentum building.
Tariffs are the top story today as markets digest the ripple effects of the U.S. administration’s sweeping import tax overhaul. Amid widespread anxiety across tech and auto sectors, Tesla Inc. (NASDAQ: TSLA) defied the pressure, gaining 5.3% in the previous session. Traders stepped in aggressively, betting that Tesla’s global brand and cost efficiencies could help shield it from the worst of the tariff fallout.
As of April 3, 2025, Tesla stock is trading just above the $273 mark, a key level now acting as short-term resistance. The bounce comes after weeks of selling, sparked by EV demand concerns, rising raw material costs, and increasing pressure from Chinese and European regulators.
Tesla in Focus as Auto Stocks React to Tariff Shock
The new U.S. import tariff framework, which includes double-digit duties on electric vehicles, batteries, and key components, initially sent tremors through the auto sector. But Tesla’s global production footprint and early supply chain diversification are now seen as relative advantages — especially versus peers who remain heavily China-dependent.
With other EV names struggling to recover, Tesla’s ability to rally 5.3% on tariff day signals renewed institutional interest and a possible bottoming pattern.
Tesla Technical Analysis
Current Price: $273.05
Resistance Levels: $273.05 – $309.51 – $326.91
Support Zones: $263.77 – $242.94 – $233.61
RSI (1D): 48.85 – Recovering from oversold
Momentum Outlook: Short-term bullish; momentum could extend if price holds above $273
Can TSLA Lead a Rebound in Tariff-Hit Tech?
Tesla is now a key barometer for investor sentiment around global trade disruptions. If the stock manages a daily close above $273, it could trigger an extended rally toward the $309 level, where it faced strong rejection in early March.
However, momentum will likely hinge on two factors:
- Whether the U.S.–China trade rhetoric escalates further this week.
- If the broader Nasdaq 100 can maintain its current bounce above key support at 19,581.
For now, Tesla is showing resilience — and in a market defined by tariff uncertainty, that’s worth watching.