Why These 5 Stocks Are in the Spotlight on Monday

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In this article, we take a look at five stocks that are in the spotlight on Monday. If you want to take a look at some more stocks that are trending on Monday and the latest market situation, go to Why These 10 Stocks Are in the Spotlight on Monday.

5. Tesla, Inc. (NASDAQ:TSLA) has lost 5.04% of its value as of 12:47 PM ET after the Austin, Texas-based electric vehicle (EV) company disclosed that it would ramp up its daily production from the current level of 1,200 units per day to 2,600 units per day by May 23. This means that the biggest automobile company in the world in terms of market capitalization will require one more week to increase its daily production by operating a plant on multi-shift basis. Investors have received this news negatively as this will harm Tesla, Inc.’s (NASDAQ:TSLA) production numbers for Q2 2022. Furthermore, Tesla, Inc. (NASDAQ:TSLA) also announced that it would recall around 107,000 vehicles in China due to safety-related risks.

Overall, 91 hedge funds held a stake in Tesla, Inc. (NASDAQ:TSLA) at the end of Q4 2021.

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