(NASDAQ: TSLA) stock is seeing strong gains in Monday's trading. The company's share price was up 10.3% as of 2:30 p.m. ET amid the backdrop of a 1.4% gain for the S 500 and a 1.9% gain for the Nasdaq Composite.

On the heels of recent sell-offs, Tesla's valuation is seeing rebound momentum today thanks to bullish momentum for the broader market. The company's share price is also getting a significant boost from news about a key feature rollout in the Chinese market and potential expansion plans in India.

A series of new tariffs are scheduled to go into effect on April 2. Stocks are rallying today on hopes that President Trump could take a softer approach to new tariffs than previously expected.

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Source Fool.com