Tesla Reports Solid China Sales Numbers for December; Shares Up
January 12 2022 - 01:02AM
TipRanks
One of the most popular EV stocks Tesla, Inc. (TSLA) reported solid
delivery numbers for December 2021 in China. Following the news,
shares rose as much as 1.7% and ended the day at $1,064.40 on
January 11. Tesla China December Deliveries According to the China
Passenger Car Association (CPCA), Tesla China delivered a total of
70,847 electric vehicles (EV), a massive year-over-year growth of
197.6% and a solid 34% sequential growth. Out of the total cars
delivered, 70,602 cars were delivered locally and only 245 cars
were delivered internationally. In November 2021, Tesla China
reported wholesale numbers totaling 52,859 autos, which in itself
is a massive feat.
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