
Tesla (TSLA) is seeing a significant rally after news broke of a temporary 90-day tariff pause between the U.S. and China. This comes as Tesla has been struggling with declining deliveries in China, which is the company’s largest international market and a manufacturing hub for the automaker.
Tesla investors are now optimistic after the tariff pause announcement, which has sent shares up by over 6% in Monday trading. The deal should give Tesla more breathing room as China and the U.S. work on a more comprehensive trade deal.