On Tuesday morning, Tesla Motors (TSLA) stock climbed past $200 a share, but retreated by mid-morning.
Tesla’s brief gains were driven by Tesla news that China has issued new electric vehicle (EV) incentives that could increase potential future Tesla sales. Tesla vehicles don’t currently qualify for the new EV incentives, but could eventually, possibly boosting Tesla sales in China, Seeking Alpha notes.
In recent Tesla news, the company said its Model S pricing will start at 734,000 Chinese yuan or about $121,000, when the car debuts in China.
Last month, TSLA stock surged after positive Tesla news that fourth-quarter Model S sales had exceeded expectations.
TSLA stock was trading up modestly by Tuesday afternoon, just under $198 a share. TSLA stock has soared more than 400% over the past twelve months.
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