Increase In (TSLA) Tesla Car Sales In China Sends The Share Price On A Rally

US Inflation Slows as Spending Stalls: Glimmers of Hope for Economic Outlook

Summary:

  • The Tesla share price spiked for its fourth straight advancement.

Tesla share price spiked in the wake of increased sales in China for May

The Tesla share price spiked for its fourth straight advancement in the wake of news that May sales in China rebounded and UBS had turned the stock to a buy. The Electric Vehicle giant's share price is trading 2% up on Thursday and had risen by 1.2% by market close on Wednesday.

Although the share price is well below the 50-and 200-day moving averages. The news of the rebound in Tesla car sales came from the China Passenger Car Association. Increase In (TSLA) Tesla Car Sales In China Sends The Share Price On A Rally - 1 TSLA Price Chart

Sources: finance.yahoo.com, investors.com

US Inflation Slows as Spending Stalls: Glimmers of Hope for Economic Outlook

Rebecca Duthie

Remote Editor and writer Intern
FXMAG.COM

Rebecca has a bachelors degree in Investment Management, a Post Graduate Diploma in Financial Planning and is currently enrolled in a Masters program in International Management with a Specialization in International Finance.