Electric car manufacturer, Tesla Inc. (NASDAQ: TSLA), has confirmed the company has reached an agreement with the Shanghai municipal government to build a factory in the region, according to people familiar with the project, reported by the Wall Str..

Analysts expect Wall Street to pullback as the official start of summer is under way. Historically, stock indexes slowed down and often declined in value during the summer period. According to a report by CNBC Chris Verrone from Strategas Research P..