Futures were narrowly mixed. Nvidia and Deckers extended big recent gains while Apple rose on rebounding iPhone sales in China.
Cheap Chinese cars shouldn’t worry investors in U.S. makers of electric vehicles. Tesla can make cheap cars, too—if the market demands.
Proxy advisory firm Glass Lewis added some drama to the coming Tesla annual shareholder meeting. Over the weekend, Glass Lewis recommended that shareholders reject a proposal to reinstate CEO Elon Musk’s pay package worth some $56 billion when it was awarded in 2018. Tesla didn’t immediately respond to a request for comment about the recommendation.