from its Shanghai factory last month, up 8% from August and its highest-ever monthly total for the recently upgraded plant. Tesla lost ground in premarket trading, however, after RBC cut its price target on the stock to $340 per share from $367 a share.
– Stellantis signed a nickel and cobalt supply agreement with Australian mining company GME Resources, as it moves to secure key components for electric vehicle batteries. The automaker had signed a lithium supply agreement earlier this year with Australia's Vulcan Resources.
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