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Tesla Reclaims Buy Point With July China Sales, Exports On Tap

August 10, 2021
Source: thereliablenews.com thereliablenews.com
News Snapshot:
The China Passenger Car Association is expected to report July sales figures on Tuesday, with Tesla ( [TSLA](//research.investors.com/quote.aspx?symbol=TSLA) ) deliveries and exports in focus. Tesla stock rose Monday, reclaiming an early buy point. X Wedbush analyst Daniel Ives told IBD Monday that he’s expecting overall China Tesla sales to “rebound modestly and be up roughly 5% from June numbers.” Tesla delivered 33,155 EVs in June, down slightly from 33,463 in May. But July’s sales data won’t provide much clarity regarding Tesla’s local demand. The bulk of Tesla Shanghai’s production will be heading to Europe. Tesla has just started exporting the...
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Tags: auto | battery | BYD | car | CATL | CEO | China | Chinese | chip | electric vehicle | Elon Musk | Europe | export | Exports | finance | manufacturing | Shanghai | social media | stock market | stocks | supply chain | technology | Tesla | Twitter | Xpeng

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