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Tesla shares rose 10% after reports suggested the Trump administration may exclude sector-specific tariffs while implementing reciprocal levies on April 2. Wall Street rallied on tariff optimism, with technology stocks leading the way and driving U.S. indexes to two-week highs. Traders seized the opportunity to buy Tesla shares, capitalizing on a nearly 40% decline in value this year. Elon Musk encouraged investors to hold on to their stock during a meeting, as retail buying orders reportedly outnumbered selling orders, according to J.P. Morgan data.