Tesla shares are trading higher after the company reportedly saw a 12.5% weekly rise in insurance registrations in China.
Portfolio Pulse from Benzinga Newsdesk
Tesla shares are experiencing an uptick following a reported 12.5% weekly increase in insurance registrations in China, indicating strong demand in the region.
September 10, 2024 | 7:22 pm
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Tesla's stock is trading higher due to a 12.5% increase in weekly insurance registrations in China, suggesting robust demand and potential revenue growth in the region.
The 12.5% increase in insurance registrations in China is a positive indicator of demand for Tesla vehicles, which is likely to boost investor confidence and drive the stock price up in the short term.
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