The Dow Jones Industrial Average closed at 38,386.09 points, up 0.4%, the S&P 500 settled at 5,116.17 points, gaining 0.32%, and the Nasdaq Composite appreciated by 0.4%, reaching 15,983.08 points.

Major Wall Street indices advanced on Monday, with Tesla leading the way, as investors continued to parse through a slew of corporate quarterly earnings just a day before the Federal Reserve’s latest meeting.

The Dow Jones Industrial Average finished at 38,386.09 points, up 0.4%, the S&P 500 was positioned at 5,116.17 points, gaining 0.32%, and the Nasdaq Composite appreciated by 0.4%, reaching 15,983.08 points.

Tesla’s shares surged 15% after the electric vehicle giant reportedly received provisional approval from Beijing to launch its driver assistance software in China, utilizing mapping and navigation technology from Chinese tech giant Baidu, according to several media reports.

This milestone marked another sign of the company’s efforts to increase the adoption of its high-margin autonomous driving software, which many on Wall Street believe is a key part of the electric vehicle maker’s growth story.

While there are demand challenges in China for Tesla, Wall Street is scrutinizing this difficult transition period for a long-term growth story to emerge for Musk & Co. with the Full Self-Driving (FSD) system as a key ingredient in this recipe for success.

In addition to Tesla, Domino’s Pizza also boosted consumer stocks after the pizza chain reported better-than-expected first-quarter sales estimates, driven by a 6% increase in same-store sales as customers took advantage of the company’s loyalty program.

The earnings season continues; Apple saw its recommendation upgraded from Neutral to Buy by Bernstein, though the price target remained unchanged.

SoFi Technologies’ shares fell over 10% after the personal finance company issued a disappointing forecast for the second quarter, despite reporting better-than-expected revenues last quarter, largely driven by its technology platform and financial services segments.

Amazon (+0.35%), Coca-Cola (+0.3%), Advanced Micro Devices (+1.4%), and Eli Lilly (+0.2%) are set to publish their results on Tuesday.

Apple Inc’s shares rose more than 3% after Bernstein upgraded the tech giant’s stock to outperform the market, stating that the demand weakness led by China was overstated.