U.S. tariffs on Chinese goods were reduced to 30% for a period of 90 days, while Chinese tariffs on U.S. goods were lowered from 125% to 10%.

Despite how volatile it has been along the way, it's impossible to deny Tesla's (NASDAQ: TSLA) long-term share price performance. Thanks to its success in the auto industry, Tesla has become one of the most valuable businesses in the world.

Since the close of trading last Friday, shares of the electric carmaker Tesla (NASDAQ: TSLA) traded nearly 15% higher, as of 12:31 p.m. ET Thursday. Tesla clearly joined the tech rally this week, sparked by a 90-day pause between the U.