Tesla Stock Higher On Solid May China Sales Data, UBS Upgrade, Cathie Wood Dip-Buys

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The Street

By Martin Baccardax A big rebound in May China sales, an upgrade from UBS and some dip-buying from Cathie Wood has Tesla stock on the move Thursday. Tesla (TSLA) – Get Tesla Inc. Report shares moved firmly higher Thursday following data from China showing a solid rebound in May sales and exports from the world’s biggest car market and a price target boost and upgrade from UBS. Tesla sold 32,165 China-made cars last month, the China Passenger Car Association (CPCA) said Thursday, up from just 1,152 in April — the lowest in two years — when the group’s Shanghai gigafactory was closed for 22 da…

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