Tesla surprises by selling cars better than expected

Tesla sales, hit by a sharp recession earlier this year, may be showing signs of recovery.

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Tesla is experiencing declining demand, as rising borrowing costs burden customers and increase competition.

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It has repeatedly cut prices in an attempt to win back customers, as well as introducing cheaper credit schemes.

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The company started selling its cyber trucks last year but that is only a small part of its business. Its mainstream Model 3 sedan was first introduced in 2017.

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Shares of the company rose more than 6% in Tuesday morning trading following the news.

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