Shares of (NASDAQ: TSLA) are surging on Thursday. The electric-vehicle (EV) maker's stock gained 5.2% as of 11:40 a.m. ET and was up as much as 7.3% earlier in the day. The jump comes as the S 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) showed modest gains.

The EV leader is likely to be less impacted by President Donald Trump's new tariffs than the rest of the auto industry.

Trump levied new tariffs on Wednesday. All foreign-made vehicles and foreign auto parts will receive a 25% tariff. Stocks of American automakers with significant foreign manufacturing slid on the news.

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Source Fool.com