Tesla stock rose in early trading Friday, a sign that it will likely close out another strong week with a big gain. While China’s efforts to jump-start its economy helped this week, the company’s robotaxi event—coming in less than two weeks—is likely to provide support in coming days.

Chinese stocks are headed for the best week since 2008 as Beijing rolled out a huge stimulus package to revive the economy, lifting Asian shares to 2-1/2-year highs, while a sharp fall in oil prices bodes well for disinflation globally.

CNBC's Eunice Yoon joins 'Squawk on the Street' to report on China's rally this week on Beijing's stimulus measures.