Tesla Rallies on Robotaxi Hype Despite Weak Q1

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Here's the latest news I'm tracking today.

 📈 Stocks / Finance

Tesla Rallies on Robotaxi Hype Despite Weak Q1

Tesla stock jumped 6.8% to $318.38 after Musk reaffirmed a June robotaxi launch and stepped back from Trump-linked government work. Despite a 40% Q1 EPS drop and brand damage, analysts cite autonomy and affordable EVs as key long-term catalysts.

U.S. Stock Futures Jump on U.S.–China Tariff Pause

S&P 500 futures rose 3.2%, Nasdaq 4%, and Dow over 2.5% after the U.S. and China agreed to a 90-day tariff suspension. U.S. levies dropped to 30% from 145%, and China's to 10%. Analysts called it a 'positive surprise' but noted the truce remains temporary.

Apple Jumps on Tariff Relief, Services Risks Persist

Apple stock rose 6.3% to $210.79 after the U.S. and China suspended tariffs for 90 days. Analysts view the trade deal as bullish, but legal threats to Apple’s App Store and Google search deal cloud its Services outlook, a key revenue driver.

🪙 Crypto

Ethereum rallies 34% on tariff relief and upgrade momentum

Ethereum surged 34% over the past week amid a broader crypto rally sparked by a temporary U.S.-China tariff reduction. The Pectra upgrade boosted investor sentiment, while upcoming improvements aim to cut Layer-2 transaction costs. ETH closed at $2,490.51 on Monday.

🌎 Global Economy

U.S. and China agree to 90-day tariff truce

The U.S. and China agreed to a 90-day trade truce, cutting tariffs from 145% to 30% and from 125% to 10%, respectively. The move canceled 91% of tariffs and suspended another 24%, prompting global markets to rally amid hopes of de-escalation.

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