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Tesla Vehicles Reportedly Can be Purchased by China's Government [Yahoo! Finance]
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State-owned news outlet The Paper reported that Beijing can purchase Tesla Model Y SUVs. Tesla shares have rallied this week, and for the first time since early January are near their 2023 closing level. The Chinese government has reportedly become a buyer of Tesla ( TSLA ) vehicles. Reports from Reuters and other publications cited Chinese state-owned media outlet The Paper as saying Teslas were for the first time eligible for government procurement in that country, specifically saying that the starting price of the Model Y comes in below the country's restrictions for SUVs. It's been a good week for the electric vehicle (EV) maker, shares of which were up about 0.8% in late morning trading and near-flat for the year. On Tuesday, the company posted second-quarter deliveries of 443,946, and while that was a 5% decline from a year ago, it beat analysts' estimates. The next day, Wedbush and Bank of America raised their price targets on the stock. Wedbush analysts said the d
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