Tesla shares are on pace to log their 10th-straight gain following reports of sales growth in China and the EV company’s new $7,500 tax credit.
visited China last week and many perceive this will result in positive developments for the relationship," he added. "While some traders might trade off the headlines to capture the short-term upward price momentum, others might look at this as an opportunity to take a bearish view, believing the stock rally has been overextended in the short term and might see a reversal in trend."
In this photo taken Tuesday, May 30, 2023, and released by Ministry of Foreign Affairs of the People's Republic of China, China's Foreign Minister Qin Gang, right, poses for photos with Tesla Ltd. CEO Elon Musk in Beijing. China’s foreign minister me*This story, originally published on June 8, has been updated with Friday's closing prices.
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