Tesla Inc. TSLA shares,
rose 1.2% on the Tuesday morning trading session, after the electric vehicle market leader tweeted over the weekend which initiated official deliveries of its Model Y vehicles in China. Model Y is Tesla’s compact SUV, which can accommodate up to 7 people. Despite the gain, the stock has struggled last week to regain its form of recovery, which has seen the stock nearly double in the past three months, while skyrocketing more than 700% last year. The stock, which is now 5.0% below its record closing on January 8 at $ 880.02, has fluctuated within a closing range of $ 811.19 to $ 854.41 over the past six sessions. Tesla’s shares are now up 94.0% over the past three months, while the S&P 500 SPX,
advanced 10.4%.
