. Latest News:- In March, Tesla made 88,869 dispatches in China -

Latest News:- In March, Tesla made 88,869 dispatches in China – 04 April – 2023

Latest News:- In March, Tesla made 88,869 dispatches in China – 04 April – 2023

04 Apr 2023

FUNDAMENTAL OVERVIEW

Electric vehicle giant, Tesla (NASDAQ: TSLA) sold 88,869 units of China-made electric vehicles in March, according to data published by the China Passenger Car Association (CPCA) on Tuesday. That was up 35.0% from a year ago and 19.4% from February, when the U.S. electric car maker delivered 74,402 China-made Model 3 and Model Y electric cars.

Globally, Tesla posted record quarterly vehicle deliveries in the January to March period, but quarter-on-quarter sales growth was modest despite price cuts as rising competition and a bleak economic outlook weighed on the segment.

Tesla’s retail sales in China are poised to show the best quarter in the first three months, totalling 122,801 units as of March 26 and accounting for 13% of China’s new energy car sales, which includes both pure electric and plug-in hybrid cars.

It should be noted that Tesla’s March 2023 results also represent the second-highest China-made vehicle sales ever for the company, just behind the 100,291 units that were sold in November of last year.

Shares of TSLA are up 0.97% in pre-market trading on Tuesday.

TESLA TECHNICAL ANALYSIS DAILY CHART:

Technical Overview

Tesla is currently trading in up channel.

Tesla is currently trading above 20&50 SMA.

RSI is in buying zone which suggests bullishness and Stochastic is suggesting up trend.

Tesla resistance is at 195.15 & its immediate support level is 192.31

HOW TO TRADE TESLA

Tesla is currently trading in an upward range and is at a key support level; if it maintains its position above this level and begins to form higher high structures, additional upside may be possible.

TRADE SUGGESTION- BUY AT 195.60 TAKE PROFIT AT 200.63, SL AT 192.17