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Barchart
Wajeeh Khan

China-Made Tesla Sales Rose in June. Is This the Lifeline TSLA Stock Needed?

Tesla Inc. China EV

Tesla (TSLA) shares are pushing to the upside on Wednesday after data from the China Passenger Car Association confirmed the automaker’s sales of China-made electric vehicles increase 0.8% on a year-over-year basis in June. 

Though modest, the increase is significant given it snapped TSLA’s eight-month losing streak in one of its biggest global markets. Despite today’s gain, Tesla stock is down 13% versus its high set in the final week of May. 

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