From Nasdaq: 2025-05-13 15:49:00

Shareholders in Tesla (NASDAQ: TSLA) received troubling news as sales dropped in China in April and continued to decline this month. Despite this, Tesla stock surged by 5.5% today, possibly due to Elon Musk’s visit to Saudi Arabia and progress in the U.S.-China trade dispute.

Tesla’s April sales in China fell by almost 9%, with overall 2025 sales dropping by 56%. However, the stock has been rising this week, driven by improving trade relations between the U.S. and China and potential investment opportunities in Saudi Arabia’s artificial intelligence and energy infrastructure sectors.

Investors are buying Tesla stock in anticipation of Saudi Arabia’s $600 billion spending plans, which could benefit the company’s AI, energy, and robotics offerings. Musk’s visit to Saudi Arabia may also pave the way for Tesla’s autonomous driving technology to enter the market, making it a lucrative investment opportunity.

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Read more at Nasdaq: Why Tesla Stock Jumped Today Even as Sales Continue to Plunge