Tesla Stock Is Climbing Monday: What's Going On?
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Tesla, Inc. (TSLA) shares rose 6.3% to $317.00 on Monday following a temporary reduction in tariffs between the U.S. and China. The U.S. will lower tariffs on Chinese imports from 145% to 30%, while China will reduce tariffs on U.S. goods from 125% to 10% for three months. This trade deal aims to alleviate supply chain uncertainties, benefiting Tesla and other auto stocks like Lucid Group, Inc. (LCID).
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Source: Benzinga The copyright of this article belongs to the original author/organization.
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