Chins'a Approval Of Model Y SUV Sends Tesla Stock Soaring
Wochit Business
2020-11-30
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On Monday, Tesla's stock hit a record high.
The increase comes amid a report from Reuters that Tesla gained approval from China to sell its Model Y SUV in the country.
Tesla has built up its manufacturing capabilities in Shanghai to produce the Model Y SUV.
The company already sells its Model 3 in the country.
Business Insider reports the company sold 13,000 vehicles in the country last month.
The increase comes amid a report from Reuters that Tesla gained approval from China to sell its Model Y SUV in the country.
Tesla has built up its manufacturing capabilities in Shanghai to produce the Model Y SUV.
The company already sells its Model 3 in the country.
Business Insider reports the company sold 13,000 vehicles in the country last month.
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