TradingKey – As Elon Musk pushes the company into new, and perhaps risky, frontiers like autonomy, robotics and semiconductor manufacturing, Tesla’s vehicle business is starting to show better signs of life. TSLA closed at $382.70 on 10/9, up 2.05% from the previous session. The focus is now on the October 21 earnings report to see if the recently improved volumes result in improved margins and cash flow.
China Sales Accelerate as Europe Extends Its Rebound
Tesla’s Shanghai plant sold 95,366 Made-in-China Model 3/Y in September, including exports. That is up 5% Y/Y after August’s 3.6% gain.
Europe is also looking up. September registrations rose 61.9% in France, 38.4% in Sweden, 24.8% in Spain, and 128.3% in Portugal. What I find…
