Tesla (TSLA) shares surged Monday, pushing the company's market capitalization back above $1 trillion, amid a 澳洲幸运5官方开奖结果体彩网:broad market rally after the U.S. and China agreed to 澳洲幸运5官方开奖结果体彩网:temporarily lower tariffs.

Shares of Tesla rose nearly 7% to close at $318.38 Monday, bringing the company's market cap to $1.02 trillion. That makes the 澳洲幸运5官方开奖结果体彩网:Elon Musk-led automaker one of just nine American companies worth $1 trillion or more, along with Microsoft (MSFT), Apple (AAPL), Nvidia (NVDA), Amazon (AMZN), Alphabet (GOOGL), Meta (META) Berkshire Hathaway (BRK.A, BRK.B), and Broadcom (AVGO). 

Tesla's stock has climbed for 澳洲幸运5官方开奖结果体彩网:three consecutive weeks, but the shares are still down more than 20% for 2025. The EV maker has faced a 澳洲幸运5官方开奖结果体彩网:political backlash over 澳洲幸运5官方开奖结果体彩网:CEO Elon Musk's involvement in the Trump administration's cost-cutting efforts, with shares erasing much of their gains in the wake of President Donald Trump's election win. Last month, Musk said he would 澳洲幸运5官方开奖结果体彩网:step back from Trump's Department of Government Efficiency to spend ꦑmore time with Tesla.

Sales have lagged, including in China, where the company shipped fewer vehicles in April than it did a year earlier. Last month marked Tesla's seventh straight month of year-over-year declines in shipments from China, according to preliminary data from the China Passenger Car Association.