Diamonds and Dogs

8/9/21

Tesla (TSLA) gets an upgrade. The electric carmaker gained 2.1% after Jefferies upgraded the stock and predicted a rally of more than 20% over the next 12 months. Tesla says Cybertruck production will occur in 2022

Oil prices dropped on Monday, building on last week's losses, as rising Covid cases caused concern of a slowdown in demand. West Texas Intermediate crude futures declined more than 4% at one point to trade as low as $65.15, a level not seen since May. The Energy Select Sector ETF fell 1.3%. Exxon Mobil (XOM) and Chevron (CVX) lost 1.2% and 1.7%, respectively. Diamondback Energy slipped 3.5%.

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