Tesla shares are trading higher after the company reported a 9.4% year-over-year increase in China sales in August. On a month-over-month basis, sales rose 30.92%.
Portfolio Pulse from Benzinga Newsdesk
Tesla reported a 9.4% year-over-year increase in China sales in August, with a month-over-month sales increase of 30.92%. This has led to a rise in Tesla's share price.
September 05, 2023 | 3:31 pm
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Tesla's increased sales in China have led to a rise in its share price.
The reported increase in Tesla's sales in China, both on a year-over-year and month-over-month basis, is a positive indicator of the company's performance and growth in the Chinese market. This has likely contributed to the rise in Tesla's share price.
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