Shares of the electric vehicle maker posted their best weekly advance since early November 2024 with a gain of +18.1%. As expected, the topic of tariffs was quite popular on the earnings conference call. The word "tariff" was mentioned at least 29 times on the call.

Tesla announced quarterly earnings down 71 percent from a year earlier, amid tariff threats and protests over CEO Elon Musk’s role in pushing government cuts.