Why These 5 Stocks Are Trending on Monday

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

5. Tesla, Inc. (NASDAQ:TSLA) has fallen 2.7% as of 11:42 AM ET after CEO Elon Musk revealed that the company is facing ‘significant’ inflationary pressure. Mr. Musk also retweeted an article highlighting that commodity prices have been at their highest levels since 2008 due to the conflict between Russia and Ukraine. Metals like aluminum, nickel, and palladium have seen a significant surge in their price in the past month. All of them are used in different components of EVs. Of the 924 hedge funds in Insider Monkey’s database, 91 reported owning a stake in Tesla, Inc. (NASDAQ:TSLA) at the end of Q4 2021.

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