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Here's Why Tesla Stock Rose Today

·2 min read
Here's Why Tesla Stock Rose Today
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Shares in Tesla (NASDAQ: TSLA) are moving higher Tuesday morning after reports of a record month out of its plant in Shanghai, China. Investors got word today that Tesla sold more than 56,000 vehicles from its factory in China in September, setting a new monthly record. The report, which cites data from the China Passenger Car Association (CPCA), noted that overall passenger car sales in China dropped 17% in September compared to the prior-year period.