Tesla opens first charging station in China with energy storage facilities

Tesla Trade Ideas

Tesla opens first charging station in China with energy storage facilities

Tesla (NASDAQ:TSLA) Inc is trading up 0.46% at 623.71

Electric-vehicle maker Tesla (NASDAQ:TSLA) Inc said on Wednesday it has opened its first charging station in China with its own solar and energy storage facilities.

The charging station in Lhasa city will generate power from sunlight and store it in the energy storage facilities for electric vehicles to charge, the company said in a Weibo (NASDAQ:WB) post.

Tesla moved into the solar business in 2016 with its $2.6 billion purchase of California-based SolarCity, and has said it is keen to develop its energy business.

The company’s solar services include Solar Roof, a power generating system meant to look like normal roof tiles, and Powerwall, which can store power generated by solar panels.

Last year, Tesla, which is making electric vehicles in Shanghai, put out job ads for solar and energy storage project managers in China.

On technical fronts Tesla (NASDAQ:TSLA) Inc RSI stood at 52.38 and currently stock is trading above all Moving Average. So, BUY position can be taken with following target and stoploss:

TRADE SIGNAL – : Tesla (NASDAQ:TSLA) Inc – BUY: 623.71, TARGET: 642.71, STOP LOSS : 591.68

About Author

Related posts

Gem, jewellery exports rise 29% to Rs 23,259 cr in Sept following Covid disruption

Gems and jewellery exports rose by 29.67% to Rs 23,259.55 crore in September 2021 compared to Rs 17,936.86 crore in the year-ago month, according to the Gem and Jewellery Export Promotion Council (GJEPC). In September 2019, the shipments were worth Rs 23,491.20 crore. For the April-September period, the shipments...

Read More
Best Stock To Buy Now

Top 5 Stocks To Watchout and Trade Today – October 15, 2021

1.APPLE:-Apple Inc was on a collision course with South Korea on Friday over new requirements that it stop forcing app developers to use its payment systems, with a government official warning of a possible investigation into the iPhone maker’s compliance. The development comes after South Korea amended the Telecommunication...

Read More

Leave a Reply