Shares of Tesla Inc. TSLA,
rose 1.2% in morning trading on Tuesday, following the market leader in electric vehicles tweeted over the weekend that it has started official deliveries of its Model Y vehicles in China. The Model Y is Tesla’s compact SUV, which can accommodate up to 7 people. Despite gains, the stock has struggled to regain its rally form over the past week, nearly doubling the stock in the past three months while skyrocketing more than 700% in the past year. The stock, which is now 5.0% below the January 8th record of $ 880.02, has risen to $ 854.41 within a close range of $ 811.19 to $ 854.41 in the past six sessions. Tesla’s stock is now up 94.0% in the past three months, while the S&P 500 SPX,
is up 10.4%.