Tesla [TSLA] - Last Close: $261.77
Tesla just posted an impressive quarterly deliveries report.
The EV maker reported record-breaking deliveries of 466,140 units in Q2, marking an 80% increase from a year earlier.
Tesla's production figures were also notable. The company increased production by 88% year over year.
Consensus estimates called for deliveries of 445,000 units, but Tesla's figures beat the target by a wide margin.
TSLA is up 6.3% on elevated trading volume in today's premarket.
My Take: TSLA is on fire lately. This stock has been going straight up for weeks, aside from a brief pullback a couple of weeks ago. I am bullish.
Polymet Mining [PLM] - Last Close: $0.79
Another buyout proposal is driving Polymet Mining to big gains.
This morning, Glencore [GLCNF] submitted a non-binding proposal to acquire the micro-cap mining company.
Under the terms of the deal, Glencore would pay $2.11 in cash to acquire each common shares, which is a 167% premium compared to Friday's closing price.
Glencore already owns 82.19% of Polymet's total common shares. Polymet's board is considering the offer.
PLM is up 122.7% following the announcement of the proposal.
My Take: Glencore is already PLM's largest shareholder, but they're itching to own the whole thing. Do they know something we don't? Probably.
Micromobility [MCOM] - Last Close: $0.1125
Micromobility is taking off after a Friday announcement.
After Friday's closing bell, the transportation company announced it terminated two previously announced agreements to broadcast soccer games.
On June 7th, 2021, Micromobility made a deal with Lega Nazionale Professionisti Serie B to broadcast 390 games over the next three seasons.
Last month, on June 15th, the companies agreed to terminate the agreements in exchange for settling the amounts due.
MCOM is up 37.2% on elevated trading volume in the wake of the announcement.
My Take: The market appears to be pleased that MCOM is abandoning streaming soccer games to focus on its core business, "intra-urban transportation." However, this stock is a huge longshot, and I wouldn't touch it with a ten-foot pole.
