Wall Street on course for recovery – Tesla on a downward slide

new York Despite a sell-off at Tesla, Wall Street embarked on a recovery course at the start of the week. The leading index Dow Jones closed 2.7 percent higher on Monday at 29,490 points. The S&P 500 advanced 2.6 percent to 3,678 points. The tech-heavy Nasdaq improved 2.3 percent to 10,815 jobs. The market barometers thus made up for some of their recent price losses.

Tesla titles slipped nearly nine percent after the electric car maker disappointed with its sales figures. The company referred to delays in the transfer to the customer due to a lack of transport capacity.

Models produced in China are likely to be particularly affected, commented analyst Jeffrey Osborne from asset manager Cowen. The big question now is whether business there will cool down.