Traders capitalized on the nearly 40% decline in Tesla’s stock this year to buy into the electric vehicle (EV) maker. The optimism surrounding tariffs sparked a rally on Wall Street, with technology stocks leading the surge and pushing the three main U.S. indexes to two-week highs. Tesla was on track for its largest one-day percentage gain since November 6, when Trump won the U.S. presidential elections. Despite a turbulent first quarter due to rising competition, weak EV demand, and concerns over CEO Elon Musk’s political involvement, some investors believe all the bad news is already reflected in the stock price. Last Thursday, Musk encouraged investors to hold onto their shares during a livestreamed meeting. Tesla was the most actively traded stock by retail investors, with buy orders surpassing sell orders. Reports of less extensive reciprocal tariffs also contributed to the rally. — news from Reuters