Following the publication of strong year-over-year increases in car deliveries for July by Nio (NYSE:NIO), Li Auto (NASDAQ:LI), and XPeng (NYSE:XPEV), Tesla (NASDAQ:TSLA) was among the top gainers in the S&P 500 Index in early Monday trade.
According to information from China, EV demand remained robust, and some supply chain problems are being resolved to the point where manufacturing can resume in Q3.
It appears investors are getting excited about this week’s shareholder meeting for Tesla (NASDAQ:TSLA), which will also include a vote on a stock split.
It’s also important to note that there is some conjecture that Cybertruck will receive new information during the meeting. The electric car behemoth is teasing some new electric truck excitement by dubbing the Texas shareholder meeting the “Cyber Roundup.”
In the first 30 minutes of trading on Monday, shares of Tesla (NASDAQ:TSLA) rose 4.02 percent and reached a high of $935.29.
Featured Image: Megapixl @Sergiomonti