The China Passenger Car Association (CPCA) said that Tesla, Inc. (NASDAQ: TSLA) sold 56,515 vehicles, manufactured in China, in the month of February, Reuters reported. The figure includes 33,315 vehicles that were exported.
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The company’s China-manufactured vehicle sales stood at 59,845 in January.
Based out of Texas, Tesla produces and sells EVs, solar energy generation systems and energy storage products. It also operates a network of vehicle service centers and Supercharger stations.
Wall Street’s Take
On March 8, Patrick Hummel from UBS (NYSE: UBS) maintained a Hold rating on the stock with a price target of $1,000 (21.3% upside potential).
Additionally, Wedbush analyst Daniel Ives reiterated a Buy rating on Tesla with a $1,400 price target (69.8% upside potential).
Overall, Tesla has a Moderate Buy consensus rating based on 15 Buys, 7 Holds and 6 Sells. The average TSLA price target of $1,068.40 implies 29.6% upside potential. Shares have lost 31.3% year-to-date.
Website Traffic
TipRanks’ Website Traffic Tool, which uses data from SEMrush Holdings (NYSE: SEMR), the world’s biggest website usage monitoring service, offers insight into Tesla’s performance.
According to the tool, compared to the previous year, Tesla’s website traffic registered a 36.6% decline in global visits year-to-date.
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