Wall street opened lower on Monday after trade tensions began to escalate again. Almost all S&P 500 sectors were lower today.
Shares of Tesla (TSLA) moved higher on news that second quarter production totaled 53,339 vehicles, up 55% when compared to the previous quarter. Model 3 production came in at 28,578 units, while combined Model S and X production was 24,761 units.
"GA4, our new General Assembly line for Model 3, was responsible for roughly 20% of Model 3s produced last week, with quality from that line being as good as our regular GA3 line. We expect that GA3 alone can reach a production rate of 5,000 Model 3s per week soon, but GA4 helped to get us there faster and will also help to exceed that rate," Tesla said in a statement.
Gainers
• Expedia Group (EXPE, Financial)
• Salesforce.com (CRM, Financial)
Losers
• Nordstrom (JWN, Financial)
• AES Corp. (AES, Financial)
Global markets
The main European stock markets traded in negative territory. The U.K.'s FTSE retreated 0.83%, France's CAC lost 0.60%, Spain's Ibex fell 0.39% and Germany's Dax closed down 0.19%.
In Asia, markets closed in the red. Japan's Nikkei lost 2.21%, India’s BSE Sensex rose 0.450%, Hong Kong's Hang Seng advanced 1.61% and China's Shanghai fell 2.52%.
Disclosure: The author holds no position in any stocks mentioned.
