Why Tesla Stock Is Surging Today

Shares of (NASDAQ: TSLA) are climbing on Thursday. The electric vehicle (EV) maker's stock gained 4.1% as of 3:20 p.m. ET and was up as much as 4.9% earlier in the day. The rise comes as the S 500 gained 1.1% and the Nasdaq Composite rose 1.8%.

The company's stock is seeing a boost after President Donald Trump announced a trade agreement with the United Kingdom.

Tesla shares climbed after Trump unveiled the broad outline of a trade agreement with the United Kingdom. This is the first major deal his administration has been able to put together after Trump imposed sweeping tariffs in April. It's important to note that many specifics remain unclear, and nothing was formally signed. "The final details are being written up," Trump said. "In the coming weeks, we'll have it all very conclusive."

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Source Fool.com