Electric-vehicle stocks came under selling pressure in the week ended Aug. 2 amid the broader market meltdown even as most smaller names prepare to unveil their quarterly numbers.
Here's a rundown on what happened in the EV space during the week:
Tesla Stock Dips, China Standing Surges:Shares ofTesla, Inc.(NASDAQ:TSLA) declined over 5% over the week, with part of the weakness stemming from the uncertain near-term outlook denting investor confidence. That said, the company had some good tidings this week as it reported robust sales in China, one of its key markets.
Data released by the...
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