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Tesla, These 3 Lithium Plays Surge As China Commits To EV-Only Future

The world's largest auto market and the second-largest economy, China, said it will eventually ban the sale of fossil-fuel cars, boosting shares of Tesla ( TSLA ) and those of other companies that provide key materials for electric vehicles.

Chemical maker Sociedad Quimica y Minera de Chile ( SQM ) surged 8% to a four-year high of 52.34.

IBD'S TAKE: Flat bases, which require stocks to consolidate for a minimum of five weeks, have been common recently with the market grinding higher.

The National Transportation Safety Board is scheduled to meet Tuesday to determine the cause of a fatal May 7, 2016, crash of a Tesla near Williston, Fla.

The Frankfurt Motor Show is opening to the media this week and will feature a big EV push from top automakers.

READ MORE (Investor's Business Daily)

  • Here's the next catalyst for Tesla that has bulls fired upMarketWatch
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  • Utah Retirement Systems Acquires 1000 Shares of Tesla Inc. (NASDAQ:TSLA)HiTechFacts
  • Tesla triggers upgrade for cars in Irma's pathAZFamily
  • Whittier Trust Co Has Raised Its Tesla Mtrs INC Com (TSLA) HoldingBZ Weekly
  • Fred Alger Management Raised By $2.60 Million Its Hexcel (HXL) Holding ...Thorold News
  • J&P China Capital Management Company Increased Tesla Mtrs (TSLA) Holding By $7
  • Tesla Inc. (TSLA) Shares Bought by Pacer Advisors Inc.TrueBlueTribune

This post first appeared on The 5th News, please read the originial post: here

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Tesla, These 3 Lithium Plays Surge As China Commits To EV-Only Future


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