The past weekend saw some activity in the crypto market, and it remains to be seen if the buoyancy spills over into their equity counterparts. As the major U.S. averages fight to carry on the momentum from last week, here's a recap of a few major headlines that hit the wire over the weekend.
1. Tesla Achieves Major Production Milestone: Tesla, Inc.’s (NASDAQ:TSLA) CEO Eon Musk on Sunday took to Twitter to announce that the company’s Giga Shanghai has rolled out its one-millionth vehicle off its production line. He also confirmed that Tesla has now cumulatively produced three million vehicles globally. As an EV manufacturer, this is a feat to be lauded, but drawing parallels with traditional automakers, it appears that Tesla still has a long way to go. Japanese automaker Toyota Motor Corporation (NYSE:TM) sold over 10 million cars in 2021 alone.
