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Tesla Stock Doesn't Budge Despite Strong China Weekly Insurance Data, Price Hike Rumors: What's Going On

Tesla, Inc. (NASDAQ:TSLA) shares traded down in premarket trading on Tuesday even as traders digest a couple of positive catalysts.

Weekly China insurance registrations showed that insurance registrations for Tesla EVs came in at 14,000 units in the week ended Nov. 5, CnEVPost reported, citing data provided by Li Auto, Inc. (NASDAQ:LI). Commenting on the data, Future Fund’s Gary Black said, “This likely incl ~3K M-3 Highlands. TSLA China 4Q registrations now just 7% below 3Q after 5 weeks.”

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