Tesla EV Battery Supplier CATL's Stock Soars
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China has become a global leader in electric cars and car tech, with one of the highest personal EV adoption rates in the world. But it's also ahead of everyone else when it comes to electric heavy-duty truck sales.
Investment banks managing Tesla (NASDAQ: TSLA) battery supplier CATL's IPO, the world's largest listing of 2025, are set to earn underwriting fees that fall below the industry standard.
Stocks fell Tuesday, a day after the S&P 500 rose for a sixth-straight session as investors looked past a downgrade of the credit rating of the United States.These stocks were making moves Tuesday:Moderna was rising 7.