Tesla Inc (NASDAQ:TSLA) shares are trading marginally higher by 0.90% to $219.57 Tuesday afternoon. On Monday, the stock increased following the company's announcement of a 2.4% month-over-month growth in May China sales, as well as a 141.6% year-over-year increase compared to May 2022. Additionally, Citigroup reaffirmed a Neutral rating for the stock while increasing its price target from $175 to $215.
Tesla Reports May China Sales
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According to data from the China Passenger Car Association, Tesla achieved a sales figure of 77,695 vehicles in China last month. These numbers encompass both domestic sales and exports.
The latest statistics indicate a 2.4% growth in Tesla's China sales compared to April, totaling 75,842 vehicles. This represents a remarkable 141.6% surge from the 32,165 deliveries reported in May 2022...Read More
According to data from Benzinga Pro, TSLA has a 52-week high of $314.67 and a 52-week low of $101.81.
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