Yahoo Finance's Jared Blikre looks at the day's market gains, sector actions, JPMorgan Chase in the banking industry, travel stocks, and Nasdaq leaders.
Tesla Inc CEO Elon Musk may have denounced business use of environmental, social and governance (ESG) factors as a "scam" last week but one sustainable investing pioneer thinks the electric carmaker still believes in the cause. John Streur, president of Calvert Research and Management, praised Tesla's disclosure of workforce diversity data earlier in May and said Tesla remains in his company's ESG indexes even though it was dropped out of the S&P 500 ESG Index last week, prompting Musk's fury.
Shares of electric vehicles leader Tesla (NASDAQ: TSLA) broke a three-day losing streak on Monday, bouncing back a respectable 2.3% as of 12:05 p.m. ET. If you recall, earlier this month, Tesla's production numbers on electric vehicles in China fell as low as 200 cars per day, as measures imposed by the government to contain the spread of COVID-19 dried up the supply of auto parts to Tesla's factory. The good news is that Reuters reports that Tesla now thinks it will be able to get its production capacity back up to its target of 2,600 units per day -- and that will work out to roughly 949,000 cars per year.