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 (NASDAQ: TSLA) stock hit a new record high shortly after President Donald Trump's election win last November because investors thought a friendlier regulatory environment could help the company bring its autonomous robotaxi and humanoid robot to market more quickly.

Musk’s management style has always been a lightning rod. His focus on speed and impatience allows him to advance technologies at a breakneck pace.