 |
Louisiana Light • 2 days | 73.02 | -0.64 | -0.87% | ||
|
Bonny Light • 31 days | 78.62 | -2.30 | -2.84% | ||
|
Opec Basket • 2 days | 73.65 | +0.08 | +0.11% | ||
|
Mars US • 321 days | 75.54 | -1.36 | -1.77% | ||
|
Gasoline • 24 mins | 2.057 | -0.003 | -0.14% |
|
Bonny Light • 31 days | 78.62 | -2.30 | -2.84% | ||
|
Girassol • 31 days | 79.56 | -1.80 | -2.21% | ||
|
Opec Basket • 2 days | 73.65 | +0.08 | +0.11% |
|
Peace Sour • 9 hours | 66.88 | -0.08 | -0.12% | ||
|
Light Sour Blend • 9 hours | 66.13 | -0.08 | -0.12% | ||
|
Syncrude Sweet Premium • 9 hours | 70.88 | -0.08 | -0.11% | ||
|
Central Alberta • 9 hours | 67.88 | -0.08 | -0.12% |
|
Eagle Ford • 2 days | 67.39 | -0.28 | -0.41% | ||
|
Oklahoma Sweet • 2 days | 67.50 | -0.25 | -0.37% | ||
|
Kansas Common • 3 days | 58.02 | +1.10 | +1.93% | ||
|
Buena Vista • 3 days | 77.67 | +1.10 | +1.44% |
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Tesla Stock On The Rise As China Eases Lockdowns
Tesla stock is popping 3.5% in the pre-market session after the company expected Chinese sales numbers that showed a return to normalcy and the company was slapped with an upgrade by UBS.
The company sold 33,544 cars in May in China, according to China’s Passenger Car Association. This marks a 212% sequential jump, but April's sales were hampered by China's ongoing Covid lockdowns.
The company's "record- high order backlog and ramping up of two new gigafactories, along with expected margin momentum" were in focus for analyst Patrick Hummel, according to a Thursday morning Bloomberg wrap up.
UBS says Tesla has "structural advanatges in 'mission-critical' areas, including with vertical integration in semiconductors and with software and batteries.
The firm also said "stable dominant BEV market share of about 20%" will support Tesla becoming one of the world's top three automakers by 2030.
By Zerohedge.com
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ZeroHedge
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