TradingKey – Global EV sector performance diverged in August, with Tesla (TSLA) leading with a monthly gain of over 18%. The approaching Cybercab event, Einride’s 500-unit Semi order, the Model Y L Launch Series nearing sell-out, and better-than-expected Q2 deliveries collectively drove the stock higher.
Sector Performance Diverges as Tesla Leads Gains
As of August 31 Eastern Time, Tesla closed at $367.95, with a monthly gain of over 18%, and its market capitalization recovered to approximately $1.43 trillion.
[Source: TradingView]
On August 31, Tesla gained 5.51% in a single day, with a trading volume of approximately 61.1 million shares, about 46% above its three-month average, indicating that capital had begun to flow in heavily ahead of…
