Vehicle Manufacturing: Mining output increased 0.5% after dropping 0.9% in June. Utilities production soared 5.4%, rebounding after three straight monthly declines as heat-wave across many parts of the country increased demand for air conditioning.
Tesla Motors: The Austin, Texas-based automaker has slashed prices in the U.S., China and other markets since late last year, and has offered other incentives to reduce inventory, trying to shield itself against competition and economic uncertainty. The company on Monday cut prices in China for its Model Y long-range and performance versions, sending shares lower on concerns of further pressure on its profit margins.