Tesla’s announcement that it would produce its own lithium sent some mining stocks crashing, but there is still likely to be a supply shortage by 2025
The stock market had a tough September, but it was able to finish the third quarter on a positive note. The Nasdaq Composite (NASDAQINDEX: ^IXIC) managed a gain of around 0.75%, bringing its gains for the past three months to about 11%. Strategic moves have played an increasingly important role in driving the market higher lately, and instrumental to today's gains was a partnership between Datadog (NASDAQ: DDOG) and Microsoft (NASDAQ: MSFT).
Shares of electric-car maker Tesla (NASDAQ: TSLA) have soared this year. This is particularly true for the automaker's third-quarter deliveries, which Tesla will likely report in the next few days. Investors will look for Tesla's quarterly deliveries to return to meaningful year-over-year growth in Q3 after a sluggish second quarter.