Tesla stock climbs into record territory on rebound in Chinese sales (TSLA)

Car sales in China rose in May for the first time in nearly a year, the China Passenger Car Association said Monday — and Tesla’s were the best-selling new energy vehicles. Shares of Tesla surged as much as 5.4% Monday, surpassing the company’s February all-time high close.  The gains put Tesla on track for another record-high close Monday.  Watch Tesla trade live on Markers Insider. Read more on Business Insider.

Shares of Tesla jumped, surpassing their all-time record high close, following data showing China sales snapped back in May. 

Car sales in China jumped in May