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Investors will be looking for updates in the coming weeks on Tesla's plans for its self-driving robotaxisTesla (TSLA) shares jumped Friday, extending Thursday’s gains fueled by trade deal optimism after President Donald Trump announced a trade agreement with the U.K. and suggested more deals are on the way.
The stock climbed nearly 5% to close at $298.26, its highest price since February, logging gains for the third straight week.
Markets could get more good news this weekend, as U.S. representatives are set to meet with Chinese officials for trade talks in Switzerland. (Read Investopedia's full coverage of today's trading here.)
The gains for Tesla's stock come after a downbeat start to the week following a string of bad news about declining sales and registrations in several countries across Europe and China. The shares have still lost about one-quarter of their value since the start of the year.
Investors will be looking for updates in the coming weeks on Tesla's plans for its self-driving robotaxis, as the company said in last month's earnings report that it still plans to start offering paid rides in Model Y vehicles in Austin, Texas by the end of next month.
This article has been updated since it was first published to reflect more recent share price values.
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