Tesla Stock On The Rise As China Eases Lockdowns ...Middle East

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Tesla Stock On The Rise As China Eases Lockdowns
source : OILPRICE ( Middle East ) () 8
Tesla stock is popping 3.5% in the pre-market session after the company expected Chinese sales numbers that showed a return to normalcy and the company was slapped with an upgrade by UBS.  The company sold 33,544 cars in May in China, according to China’s Passenger Car Association. This marks a 212% sequential jump, but April's sales were hampered by China's ongoing Covid lockdowns.  The company's "record- high order backlog and ramping up of two new gigafactories, along with expected margin momentum" were in focus for analyst Patrick…

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