According to the European Automobile Manufacturers' Association, registrations for new Tesla EVs in Europe plunged 49% in April compared to last year. That came despite a 34% surge in overall battery electric car sales there.

Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 5.2% in the morning session after the major indices (Nasdaq +2.0%, S&P 500 +1.5%) rebounded as President Trump postponed the planned 50% tariff on European Union imports,

Tesla shares jumped Tuesday after CEO Elon Musk said over the weekend that he plans to be "super focused" on his businesses and return to "spending 24/7 at work."

Trump said he would postpone a 50% tariff on the European Union to “rapidly get together” with the bloc’s leadership.

Chief Executive Elon Musk said he was "back to spending 24/7 at work," in a social-media post. The electric-vehicle maker's shares rose 6.8% Tuesday. President Trump's delay to the implementation of 5

The Dow Jones Industrial Average (^DJI) jumped about 0.7%, or around 300 points, while the benchmark S&P 500 (^GSPC) shot up 1%. The tech-heavy Nasdaq Composite led the averages to the upside, rising around 1.