Tesla (NASDAQ: TSLA) Futures Point to Higher Open on May 13, 2025

By Ian Cooper Published May 13, 8:57AM EDT

Key Points

Tesla is benefiting from news the U.S. and China negotiated a deal that could significantly reduce tariffs, at least for the next 90 days.
With more potential trade deals ahead, fear is subsiding, which is sending most stocks, such as Tesla even higher.

Live Updates

Tesla Up $2.65 at the Open

May 13, 2025 at 9:38 AM EDT

The markets just opened.

The Dow is down about 182. However, the S&P 500 is up about four, with the NASDAQ up about 92 points at the moment.

Tesla, as hoped, is gaining traction with the stock up about 1%, or by $2.65 on volume of about 9.5 million about five minutes into the open.

As the day progresses, we do expect TSLA to accelerate higher, and force its market cap back above $1 trillion – which it hasn’t seen since late February 2025. As long as we see cooling trade war tensions, and the potential for even more deals, stocks like Tesla could race even higher.

Which Stocks are Making the Biggest Moves in Pre-Market?

May 13, 2025 at 9:08 AM EDT

Markets are mixed ahead of the opening bell.

Dow futures are down about 163 points. Meanwhile, S&P 500 futures are up by four points, with NASDAQ futures up 57.

Some of the top pre-market stock leaders include Tesla (NASDAQ: TSLA), which is up about $1.62 at the moment. Here are a few others.

Nvidia (NASDAQ: NVDA) is up about 1.4%, or by $1.81 a share.
Advanced Micro Devices (NASDAQ: AMD) is up about 1.5%, or by $1.58 a share.
Coinbase (NASDAQ: COIN) is up 10.5%, or by $21.84 a share.
First Solar (NASDAQ: FSLR) is up 8.8% or by $13.80 a share.
Sunrun (NASDAQ: RUN) is up 7.8%, or by about 86 cents.

Tesla’s (NASDAQ: TSLA | TSLA Price Prediction) stock price is set to open higher when markets open today. At the moment, Tesla futures are pointing to an open that’s up about 1%, or $2.90 a share.

Fueling upside is the announcement of a trade deal between the United States and China. After all, China’s tariffs of 125% on American-made vehicles, including Tesla’s Model X and Model S, forced the company to suspend newer orders in China. Plus, the potential risk of recession also weighed on the electric vehicle stock.

A U.S. Trade Deal with China Has Eliminated Fear

Over the weekend, the U.S. and China negotiated a deal that will reduce tariffs. At least for the next 90 days. Tariffs on Chinese imports will drop from about 125% to 30%. Meanwhile, China will still tariff U.S. goods at a rate of 10%.

While those rates are still high, and may still impact Tesla’s bottom line, it is a de-escalation of the crisis and brings back some clarity to the markets. We also have to consider that with more potential trade deals ahead, fear is subsiding, which is sending most stocks higher.

Tesla Has a $5 Trillion Opportunity, Says Morgan Stanley

According to Morgan Stanley, Tesla may be sitting on a $5 trillion opportunity by 2050, with humanoid robots. Reportedly, Tesla is developing its Optimus humanoid robot, which, according to Tesla CEO Elon Musk could become the company’s most valuable product line.

TD Cowen also upgraded the TSLA stock to a buy rating with a price target of $388.

“While we are valuation-/sentiment-minded when recommending stocks, we agree with the underlying notion that Tesla cannot be compared to other automaker stocks, not because it isn’t an ‘auto company’, but because it’s arguably best positioned to capture sizable opportunities that exist across auto/mobility and adjacent markets,” as quoted by CNBC.