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Tesla Stock Rises as China-Made EV Sales Soar 91% in February — Is Demand Rebounding?
Shares of Tesla TSLA +0.14% ▲ moved higher after its China-made EVs surged 91% year-over-year in February, helped by an easier comparison with last year and improving deliveries from its Shanghai factory. However, sales was down by 15.2% from January, reflecting normal seasonal weakness during the Lunar New Year period. While the data shows short-term momentum, it doesn’t yet confirm a full rebound in demand. Much of the surge was driven by an easy comparison with last year, when deliveries were unusually weak.
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