Market News / Story
Tesla Stocks Jump 3.2% as China Sales Extend 11-Month Rebound
GuruFocus ·
GuruFocus reports: Tesla, the electric-vehicle and energy company , recorded September sales of 95,366 Shanghai-built Model 3 and Model Y vehicles, while shares rose approximately 3.2% to $386.93 as of about 11 a.m. ET on October 9. China delivered stronger volume. The harder question is how much profit comes with it. According to Reuters' report, the China Passenger Car Association's tally increased 5% from 90,812 a year earlier, extending the run of annual gains to eleven consecutive…