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- Tesla's stock price jumped 12% on Monday as traders reacted to Elon Musk's China trip.
- Musk seems to have won key support for rolling out Tesla's autonomous-driving technology in China.
- The news looks like a "home run" for the electric-car maker, Wedbush's Dan Ives said.
Tesla stock surged at Monday's opening bell as traders reacted to the electric-car maker moving a step closer to winning Beijing's approval for its Full Self-Driving technology in China.
Shares were up 12% to just under $189 shortly before 10 a.m. ET, lifting Tesla's valuation by more than $60 billion, per Business Insider's calculations.