Why Is Tesla Stock Soaring Today?

分组1 - Tesla's shares increased by 4.8% amid a broader market rise, with the S&P 500 and Nasdaq Composite gaining 1% and 1.7% respectively [1] - The stock movement is attributed to easing trade tensions between the United States and China, which could positively impact Tesla's operations [1][2] - President Trump expressed optimism about reaching a trade agreement with China, which could alleviate tariff costs for Tesla [2][7] 分组2 - Tesla reported a $400 million impact from tariffs in its Q3 earnings, indicating that a trade deal could significantly benefit the company's financial performance [3][7] - Despite the positive news, there are concerns regarding Tesla's valuation, with a price-to-earnings ratio nearing 260, suggesting that the stock may be overvalued based on future growth expectations [5]