Tensile property was one important index of mechanical properties of ANSI 304 stainless steel laser weldments subjected to cavitation erosion (CE). Laser shock processing (LSP) was utilized to strengthen the CE resistance, and the tensile property and fracture morphology were analyzed through three replicated experiment times. Results showed tensile process of treated weldments was composed of elastic deformation, plastic deformation, and fracture. The elastic limit, elastic modulus, elongation, area reduction, and ultimate tensile strength of tensile sample after CE were higher in view of LSP. In the fracture surface, the fiber zone, radiation zone and shear lip zone were generated, and those were more obvious through LSP. The number and size of pores in the fracture surface were smaller, and the fracture surface was smoother and more uniform. The dimples were elongated along the unified direction due to effects of LSP, and the elongated direction was in agreement with the crack propagation direction. Their distribution and shape were uniform with deeper depth. It could be reflected that the tensile property was improved by LSP and the CE resistance was also enhanced.