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Tesla Stock Finally Crosses $800 After a Blowout Month in China

News Snapshot:

Text size Tesla had a blowout month in China as electric vehicle penetration of new car sales in the country topped an incredible 20%. Its stock is rising. EVs are gaining momentum in the world’s largest new car market. Tesla (ticker: TSLA) delivered about 56,000 vehicles from its Shanghai facility in September, about 12,000 more than it did in August, according to Citigroup analyst Jeff Chung, who cited Chinese industry data in a Tuesday report. Roughly 52,000 vehicles went to Chinese customers with about 4,000 exported to Europe. Tesla, from its Shanghai facility, said it prioritizes European deliveries early in…

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