According to Cox Automotive’s Kelly Blue Book, EV sales jumped 11% year over year to just over 346K new EVs sold. It also said that EV sales rose 5% sequentially.
Coming into Monday trading, Tesla stock was down about 12% year to date after dropping almost 9% on Friday.
Boeing declines after the plane maker says it will cut 10% of its global workforce, or 17,000 jobs, and SoFi Technologies stock surges after the fintech company expands its loan platform business under a $2 billion agreement.