Tesla stock rises after CEO Musk scores key deals with China on weekend trip to Beijing

News Snapshot:

Tesla shares jumped as much as 18% on Monday after CEO Elon Musk met with a top Chinese government leader on Sunday in Beijing and reportedly received backing to roll out its advanced driver-assistance in the country. Shares of Tesla jumped $25.66, or 15%, to $193.95 in afternoon trading after touching an intraday high of $198.87. Musk's visit to China comes just as the nation's carmakers are showing off their latest electric vehicle models at the Beijing auto show. Chinese Premier Li Qiang told Musk that he hopes the U.S. will work more with China on "win-win" cooperation, citing Tesla's...