Tesla stock recovers as Trump's reciprocal trade talks intensify

Tesla stock rebounds as talks on Trump's reciprocal tariffs gain momentum, investor sentiment unveiled

Washington: Tesla's stock price rebounded on Monday as talks between the US and China on reciprocal tariffs gained momentum, boosting investor sentiment.

Tesla's shares jumped 2.5% to $271.94 after the electric car maker's CEO Elon Musk tweeted that the company was "making good progress" on its plans to produce the Model 3 in China.

The development came as US Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He held talks in Washington to discuss the possibility of a trade deal that would see the US and China impose reciprocal tariffs on each other's goods.

The talks have been seen as a key test of whether the two countries can reach a deal that would ease trade tensions and prevent the imposition of tariffs on billions of dollars' worth of goods.

Investors have been closely watching the talks, and the rebound in Tesla's stock price suggests that they are becoming more optimistic about the prospects for a trade deal.

The development has also boosted investor sentiment in other US companies that are heavily exposed to China, such as Apple and Intel.

The talks between the US and China have been ongoing for several months, and the two countries have made some progress in recent weeks. However, there are still significant differences between the two sides, and it remains to be seen whether they can reach a deal.

The US has been pushing China to make significant changes to its trade practices, including reducing the country's massive trade surplus with the US. China has been resisting these demands, and has instead been pushing the US to make concessions on issues such as tariffs and intellectual property.

The talks have been seen as a key test of whether the two countries can reach a deal that would ease trade tensions and prevent the imposition of tariffs on billions of dollars' worth of goods.

The US has imposed tariffs on billions of dollars' worth of Chinese goods, and China has responded by imposing tariffs on billions of dollars' worth of US goods. The tariffs have had a significant impact on the global economy, and have been seen as a key test of whether the two countries can reach a deal that would ease trade tensions and prevent the imposition of tariffs on billions of dollars' worth of goods.