Electric-vehicle makers' shares pulled back this week amid the broader market weakness, with market leaderTesla, Inc.'s(NASDAQ:TSLA) earnings not offering any respite.
Here's a rundown on what happened in the EV space during the week:
Tesla Posts Mixed Results:Kicking off the EV reporting season this week, Tesla had a mixed tale to tell. Second-quarter revenue exceeded expectations but earnings per share trailed estimates. Fund ManagerGary Black blamed the earnings per share miss on restructuring charges related to job cuts. Investors also fretted over a surge in regulatory credits and management commentary regarding...
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