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3/9, 5:42 PM (Source: TeleTrader)
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Tesla-4.75%

585.56
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Tesla soars over 14% as China vehicle sales jump

Shares of Tesla surged over 14% on Tuesday following the release of its electric vehicle sales in China last month.

According to the China Passenger Car Association, Tesla sold 18,318 vehicles in February, up 18% compared to January's sales. Furthermore, the data revealed Elon Musk's company produced 23,632 cars during the same month in China despite Tesla's Shanghai Gigafactory being closed for the Lunar New Year's holidays.

Tesla soared 14.73% to $645.92 per share at 11:43 am ET.

Breaking the News / JC