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Tesla Stock Jumps as Shanghai Deliveries Rise for 11th Straight Month
GuruFocus ·
GuruFocus reports: Tesla (TSLA) shares climbed 3% in morning trading Friday after fresh data showed higher sales of electric vehicles manufactured in China, while demand in Europe continued to recover. The company delivered 95,366 Model 3 and Model Y vehicles produced at its Shanghai factory in September, a 5% increase from 90,812 units a year earlier, according to China Passenger Car Association data released Friday. The latest increase extended the annual growth streak to 11 months.…
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US dollar holds near 18-month high, euro lags as bond yields riseRead story summary
The dollar edged towards its strongest level in 18 months on Thursday, after minutes from the US Federal Reserve signalled policymakers viewed inflation as the biggest risk to their outlook, while higher oil prices and rising euro zone bond yields have weighed on the euro. The global bond selloff has been the dominant driver in currency markets in recent ...
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