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Tesla stock rose after its best sales in China in over a year

September 9, 2021
Source: techstory.in techstory.in
News Snapshot:
Tesla Inc. (TSLA) stock rose on Wednesday after the electric automaker reported its best sales in China in over a year. Tesla sold 44,264 China-made automobiles in August, according to the China Passenger Car Association (CPCA), with 31,379 of them headed for overseas markets. CPCA said that China-based sales reached 12,885, increasing 49.5 percent from the previous month, despite a 15% drop in overall sales in the world’s largest vehicle market from the same period last year. The sales boost comes after a Bloomberg story last week that said Tesla’s gigafactory in Shanghai was shut down for four days in...
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