Tesla News And Technical Analysis - 05 December 2022

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TESLA SOLD 100,291 CHINA-MADE VEHICLES IN NOV -XINHUA

 Tesla (NASDAQ: TSLA) Inc delivered 100,291 China-made electric vehicles (EVs) in November, the highest monthly sales since its Shanghai factory opened in late 2020, a Xinhua report said on Monday.

The number marks a 40% increase from October and 89.7% more than a year earlier after the U.S. automaker ramped up output at the Shanghai plant, cut prices for the best-selling models, and offered incentives to Chinese buyers.

However, BYD led all brands in China’s November EV sales at 229,942 electric cars including plug-in hybrids and pure electric vehicles, three times more than a year earlier and more than double Tesla’s tally, China Passenger Car Association data shows.

TESLA TECHNICAL ANALYSIS DAILY CHART:

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