New Delhi, April 3 -- Tesla share price surged over 5% on Wednesday, closing at $282.76 per share, ahead of an anticipated trade policy announcement by US President Donald Trump. However, during extended trading hours, Tesla stock price dipped more than 3%, mirroring a broader decline in US stock futures.

Trump's newly imposed 25% tariff on US auto imports, which took effect shortly after midnight in Washington, is expected to disrupt global automotive supply chains and increase vehicle prices. Additional duties on certain auto parts will follow by May 3, potentially adding thousands of dollars to car costs and affecting sales.

While Tesla primarily manufactures vehicles domestically, the company depends on imported components and raw m...