Electric vehicle leader Tesla Inc (NASDAQ: TSLA) has dominated the EV sub-sector of the automotive industry for years. Among the items that may have helped Tesla most are its vertical integration and maintaining control over the supply of materials.
US stocks closed higher on Wednesday following the release of minutes from the Fed meeting. Materials stocks were among the top performers, gaining around 1.7% during the session.
Someone with a lot of money to spend has taken a bearish stance on Vale (NYSE:VALE).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.