The stock market aims to stabilize after April's turbulence, with positive earnings reports from major companies lifting investor confidence.

Anticipation for the Federal Reserve's policy decision and the upcoming jobs report is high, with predictions for interest rate cuts being postponed until December.

Tesla's approval to deploy full self-driving technology in China has sparked a boost in EV stock prices, including for competitors Lucid, Rivian, and Nio.

Elon Musk's visit to China results in strategic agreements, including a partnership with Baidu, amidst growing competition from local EV manufacturers.

Tesla pivots towards an AI-focused strategy with investments in AI technology and chips, signaling a potential shift away from prioritizing car sales volume.

Market reaction to Tesla's new strategic direction, including the expansion of FSD in China and speculation about model changes, remains uncertain.