Thursday has continued what is a trend of volatility for the US stock market this year. Indeed, a host of the biggest market-cap companies saw their shares continue to fall. However, one may be set to enjoy a turnaround in the near future. Specifically, Tesla (TSLA) may be poised to see sales surge in one new market as the US eyes a key trade deal.
2025 has not been kind to Tesla stock so far. Despite sky-high expectations entering the year, the company has underperformed in nearly every metric. Moreover, its sales on a global basis have greatly declined. Yet, the US and President Trump may be preparing some reprieve for the Elon Musk-led firm.
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Tesla Could Enjoy Turnaround as New Market Entry Eyes Boost From US Policy
Throughout 2024, Elon Musk and Donald Trump formed a rather unlikely partnership. SpaceX head became a key part of the latter’s eventual return to the White House. Many thought that the political affiliation would be beneficial to the various companies that Musk owns. However, to this point that hasn’t proven to be the case, as sales of Tesla have dropped by 43% since his involvement.
However, he may be gearing up for a notable reprieve, with those relationships paying off. Indeed, Tesla (TSLA) may be eyeing a surge in one key market as the US is orchestrating a key trade deal. Specifically, the United States may be set to provide some beneficial policies for the EV manufacturer’s entry into India.
Also Read: Tesla (TSLA) Falls 40% From ATH: When Will Stock Reclaim $400?
The US is reportedly eyeing a zero tariff on cars as the Musk-led firm is set to launch there, a Reuters report notes. Currently, India taxes car imports as much as 110%. However, Trump has warned he would offer reciprocal action if that did not change.
Musk and Tesla’s entry into India could be threatened by those high tariffs. Moreover, the response has been interesting. According to the report, Indian carmakers are open to a tax cut but will not accept it reaching zero. Either way, it could be massive for Tesla as it grasps any sort of good news that can reverse its plummeting value.
