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Tesla extends 4-day win streak to 13% as solid July sales from Chinese competitors demonstrates strong EV demand

News Snapshot:

Tesla CEO Elon Musk attends the groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, East China. Xinhua/ via Getty Images Tesla extended its 4-day win streak to 13% on Monday amid strong EV sales data from its Chinese competitors. The sales results from Nio, XPeng, and Li Auto demonstrated continued demand for EVs from Chinese consumers. Shares of Tesla were up as much as 5% on Monday and traded above the $700 level for the first time since late April. Sign up here for our daily newsletter, 10 Things Before the Opening Bell . Shares of Tesla jumped as much…

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