Tesla (TSLA.US) stock jumped 3% at the beginning of today's session following upbeat sales figures of its vehicles produced in China. According to data from the China Passenger Car Association (CPCA) Tesla sold 33,463 China-made electric cars in May, including exports, a 29% jump compared to previous month. One can see that sales recovered after the April slump which is very important as China is one of Tesla's largest and most critical markets accounting for nearly a third of its total sales. Therefore many investors perceive the data from China as a kind of indicator of the overall condition of the company.
Tesla (TSLA.US) stock launched today’s session higher and even managed to temporarily break above the downward trendline. However buyers failed to uphold momentum and price pulled back and is currently testing 50 SMA ( green line). Should break lower occur, then support at $564.48 may be at risk. Aforementioned downward trendline acts as the nearest resistance. Source: xStation5
US Closed: Postponed negotiations weigh on futures
Will Massive AI Investments Bring Dark Clouds Over Wall Street?
Market wrap: Limited volatility and a strong dollar
The markets react to Andy Burnham’s resounding win in Makerfield
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
