Summary:
- The Tesla share price spiked for its fourth straight advancement.
Tesla share price spiked in the wake of increased sales in China for May
The Tesla share price spiked for its fourth straight advancement in the wake of news that May sales in China rebounded and UBS had turned the stock to a buy. The Electric Vehicle giant's share price is trading 2% up on Thursday and had risen by 1.2% by market close on Wednesday.
Although the share price is well below the 50-and 200-day moving averages. The news of the rebound in Tesla car sales came from the China Passenger Car Association. 
TSLA Price Chart
Sources: finance.yahoo.com, investors.com
