Tesla stock climbs into record territory on rebound in Chinese sales (TSLA)

Tesla stock climbs into record territory on rebound in Chinese sales (TSLA)

Car sales in China rose in May for the first time in nearly a year, the China Passenger Car Association said Monday - and Tesla's were the best-selling new energy vehicles.. The gains put Tesla on track for another record-high close Monday.. Shares of Tesla jumped, surpassing their all-time record high close, following data showing China sales snapped back in May.. Car sales in China jumped in May for the first time since June 2019, and Tesla's were the top-selling new energy vehicles with more than 11,000 units sold during the month, the China Passenger Car Association said Monday .. Shares of Tesla surged as much as 5.4% on Monday to $933.44 a share, surpassing the company's February all-time high close of $917.42.. The Elon Musk-led electric vehicle company has lowered prices in China twice in the last two months, Bloomberg reported ..