Tesla's (TSLA) Q2 deliveries decline from Q1 levels but rise year over year. Meanwhile, Volkswagen's (VWAGY) sale of a minority stake in Electrify America to Siemens also grabs attention.
In June, when the stock markets crashed and the S&P 500 lost 8.4% in value, Li Auto (NASDAQ: LI) stock gained a jaw-dropping 52.8%, according to data provided by S&P Global Market Intelligence. The rally in Li Auto shares stuns even more when you realize that the electric vehicle (EV) stock was down 13.3% in the year through May. What changed so dramatically for Li Auto last month, and is this rally even sustainable?
Some storm clouds are appearing on the horizon for Tesla bulls after a respectable second quarter.