Tesla Inc (O:TSLA) crossed its long-elusive target of producing 5,000 Model 3 cars in a week after several delays, and reaffirmed its positive cash flow and profit forecast for the rest of the year.
Oil prices headed lower on Monday as concerns over rising output convinced traders to take profit on the back of strong gains that took U.S. crude to a three-and-a-half year high last week.
Crude oil exports from Saudi Arabia surged to a 15-month high in June as the kingdom ramped up production and helped to convince OPEC to boost its overall supply.
Oil futures slumped on Monday, after U.S. President Donald Trump lashed out at OPEC with a warning to stop manipulating markets and piled pressure on U.S. ally Saudi Arabia to raise supplies to compensate for lower exports from Iran.
LONDON - Oil prices fell on Monday as supplies from Saudi Arabia and Russia rose while economic growth stumbled in Asia amid an escalating trade dispute with the United States.