In today’s top stories, Tesla sells a record number of electric vehicles in China in September, semiconductor stocks in China falter and Renault plans to cut its stake in Nissan. Meanwhile, growth stocks have rebounded over the past month and Goldman is naming its energy stock picks.

Tesla moves 83,000 electric vehicles to China in September

The China Passenger Car Association expects total sales of new energy vehicles to have reached 664,000 units in September. That would be a record, up 87% year-on-year and 5% from August, according to Chinese news outlet EV CnEVPost. You’re here [TSLA] moved 83,135 units last month, up 8% from August in a record for its Giga factory in Shanghai. The increase in production is largely due to a recent factory upgrade.

Export controls scold Chinese chip stocks

Chips were down for Chinese semiconductor companies on Monday with technology group Naura [002371.SZ] the stock price drops 10% and the Hua Hong Semiconductor [1347.HK] down 9.4%. The declines follow news over the weekend that Washington has formalized export controls on US-made chips for advanced applications, such as AI, limiting sales to China. This “will indirectly impact longer-term business opportunities for global semiconductor makers,” Citigroup analysts wrote in a note seen by Bloomberg.

Nissan urges Renault to reduce its stake

Shares in Renault [RNO.PA] hit its highest level in six months on Monday morning as it announced it may consider cutting its 6.1 billion euro stake in Japanese automaker Nissan [7201.T]. Nissan wants Renault to reduce its stake from 43% to 15%, which would free up around 4 billion euros for the French manufacturer. Although the capital may be returned to shareholders, it seems more likely to be reinvested in its electric vehicle business.

Growth stocks hold up well

The rule of thumb may be to avoid growth stocks in a downturn, but they are currently doing better than the broader market. The iShares Russell 2000 Growth ETF [IWO] is down 6.4% over the past month versus a 7% decline for the Russell 2000 Index. According to a note from Dennis DeBusschere of 22V Research, seen by Barrons“the most likely next phase of style rotation is growth leadership.”

Goldman’s energy efficiency plays

Europe continues to grapple with an energy crisis and things could get worse as winter approaches. Supply issues have ‘re-emphasized the need to improve energy efficiency,’ according to a note from Goldman Sachs analysts seen by CNBC. Company Loves Kingspan Materials Companies [KGP.L] and rock wool [ROCK-B.CO] as a play on insulation, while ABB [ABB] and Siemens Energy [ENR.DE] stand to benefit from the focus on improving the efficiency of technology.

TSMC could signal a slowdown in electronics

The flagship chipmaker Taiwan Semiconductor Manufacturing Company (TSMC) [TSM] could signal a slowdown in electronics demand when it reports third-quarter results on Thursday, just a week after AMD [AMD] warned it would miss its third-quarter revenue target. TSMC investors will want to know how Apple’s iPhone production cut could affect full-year sales guidance and whether gross margin is under pressure.

Annual profits could reverse YouGov actions

YouGov [YOU.L] has been in the headlines for the past two weeks as Labor has taken the lead in polls on voting intentions. Investors are hoping this is a sign of things to come for the pollster and that its annual results this morning will help lift its share price. The stock is down 48.4% year-to-date despite one of its best financial performances in the six months to the end of January.

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