Most electric vehicle (EV) stocks advanced in the week ending Nov. 5 amid sector wide optimism. EV market leader Tesla Inc. started the week on a tentative note but picked up momentum over the course of the week.
Here are the key events that happened in the EV space during the week:
Tesla’s Hertz Deal Tentativeness, Vehicle Recall and More
After riding on the back of the Hertz Global Holdings Inc. deal optimism, Tesla shares came down from stratospheric levels this week. It was Tesla CEO Elon Musk who brought the stock down with his comments early in the week by suggesting Hertz is not a finalized a deal yet.
