U.S. tariffs on Chinese goods were reduced to 30% for a period of 90 days, while Chinese tariffs on U.S. goods were lowered from 125% to 10%.

Tesla stock has soared this week on easing U.S.-China tensions. Some market watchers say the stock is ripe for a pullback.

Since the close of trading last Friday, shares of the electric carmaker Tesla (NASDAQ: TSLA) traded nearly 15% higher, as of 12:31 p.m. ET Thursday. Tesla clearly joined the tech rally this week, sparked by a 90-day pause between the U.