Tesla Inc CEO Elon Musk poses with Tesla China-made Model 3 vehicle owners onstage during a delivery event at its Shanghai factory in China January 7, 2020.REUTERS/Aly Song Elon Musk's trip to China shows Tesla is "playing nice" with Beijing amid US-China tensions, Wedbush said. Musk's private jet landed in Beijing on Tuesday, marking his first trip to China in 3 years, Reuters reported. Wedbush says these developments around Musk's China relationship could mean more upside for Tesla stock. Elon Musk visiting China is a sign that Tesla is aiming to get in the good graces with Beijing — and it could be another event that propels its stock to outperform this year, Wedbush said.Analysts pointed to Musk's trip to China amid rising US-China tensions, with the Tesla CEO's private jet landing in Beijing on Tuesday, Reuters originally reported.Musk's arrival marks his first visit to China in about 3 years, where he is expected meet with Chinese officials – possibly with Chinese premier Li Qiang, which sources told Reuters Musk has been trying to meet since March.Musk is also expected to visit to Tesla's Shanghai factory, which will be essential, Wedbush added, as the plant is a major producer of vehicle units and is one of the company's "key advantages" as it faces competition from rivals like Nio and BYD."While the geopolitical tensions between the US and China are increasing, Tesla … finds itself in a tight wire act to balance its success and production within China which remains a vital market in both the supply and demand front," Wedbush said in a note on Tuesday.