Gold futures climbed on Monday, but settled below the key $1,900 mark for a third straight session. Prices found some support from weakness in the U.S. dollar, but strength in Treasury yields have helped to dull investment interest in the precious metal. August gold
GCQ21,
Shares of Tesla Inc. undefined slipped 0.3% in premarket trading Monday, after Chief Executive Elon Musk tweeted over the weekend that it has cancelled the Model S Plaid Plus electric vehicle, since the regular Plaid model is "so good." Musk tweeted that the Model S "goes to Plaid speed" this week, as it can go from 0 to 60 miles per hour in just under two seconds, which he boasted makes it the quickest production car ever made. The Plaid, which has a starting price of $120,000, will have a battery range of 390 miles, while the Plaid Plus would have cost about $30,000 more and have a battery range of 520 miles. Wedbush analyst Dan Ives reiterated his outperform rating and $1,000 stock price target, saying he remained "fully bullish" on Tesla and the EV market despite near-term speed bumps, such as China demand worries. The stock had jumped 4.6% on Friday to snap a four-day losing streak. It has lost 15.1% year to date through Friday, while the S&P 500 undefined has advanced 12.6%.