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%.

Tesla stock has soared this week on easing U.S.-China tensions. Some market watchers say the stock is ripe for a pullback.

Tesla shares have surged more than 16 per cent in five days but experts warn the increase may be temporary. According to eToro market analyst Farhan Badami, the spike comes as the auto giant prepares to launch Robotaxi in the US and its status awaiting Full Self-Driving Capability (FSD) in Europe.