Shares of Tesla ( TSLA 22.25%) are rebounding on Wednesday. The electric vehicle (EV) stock gained 5.2% as of 1:05 p.m. ET after gaining 6.4% earlier in the day. The bounce comes as the S&P 500 and Nasdaq Composite were green even as more retaliatory tariffs on the U.S. were announced.

Investors handicap risk all the time, and Elon Musk presents what they call “key-man risk.” Normally, what investors mean by this term is that an individual, often a CEO or founder, is so vital to the successful operation of the business that to lose him or her would be a severe loss.

Tesla stock (TSLA) shot up 23% on Wednesday after President Donald Trump announced a 90-day pause on sweeping import tariffs. It was the