The bygone week was fairly quiet in terms of EV news flow—a calm before the storm ahead of earnings kicking in. The broader market weakness pervaded into the EV space, and stocks closed steeply lower for the week.
Here are the key events that happened in the EV space during the week:
Tesla Drops Below $1,000, Rumors of Audio Equipment, Model Q and More
Amid the market sell-off, led by tech stocks, Tesla shares retreated below the psychological resistance of $1,000 for the first time since Dec. 21. The company is due to release its quarterly earnings on Wednesday after the close, and given expectations of a stellar quarter (going by the quarterly deliveries) the stock could reclaim the level in the coming week.
