TELETRADER News
11/30/2020, 7:38 AM
(Source: TeleTrader)
Tesla+0.90%
Tesla gets approval to sell Model Y SUV in China
Tesla Inc. received approval to begin selling its Model Y sports utility vehicle on the Chinese market, the country's Industry and Technology Ministry said on its website on Monday.
Model Y SUV is being made in Tesla's Giga Shanghai factory, which created and shipped over 13,000 various vehicles during October.
Pushed by the positive sentiment and expansion plans, Tesla surpassed the $500 billion market cap last week.