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Tesla Just Posted a Blowout Month in China. Its Stock Is Breaking Out.

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Tesla’s factory in Shanghai began production around two years ago.


Xiaolu Chu/Getty Images

Tesla had a blowout month in China as electric vehicle penetration of new car sales in the country topped an incredible 20%. Its stock is rising.

EVs are gaining momentum in the world’s largest new car market.

Tesla (ticker: TSLA) delivered about 56,000 vehicles from its Shanghai facility in September, about 12,000 more than it did in August,…


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