The EV maker’s shares, along with those of other auto makers, rallied after President Donald Trump’s decision to pause some tariffs. The car industry still faces stiff levies, though.

"We believe the whole trajectory of earnings for TSLA remains too high and could face negative revisions post 1Q25 results," UBS analysts said.

Amid the tumult, some investors are looking to buy stocks at what could be a discount. Could Tesla ( TSLA -0.19%) be the right pick? The electric vehicle (EV) pioneer's stock has slid more than 6% since last Wednesday, when the tariffs were announced, before rebounding significantly. Still, Tesla stock is down nearly 45% from its high in January.