EV stocks had another down week amid the broader market rout, triggered by macroeconomic uncertainties. EV leader Tesla, Inc.’s earnings report did little to salvage the somber market mood.
Here are the key events that happened in the EV space during the week:
Tesla Earnings Disappointment, White House Snub & More
Expectations were running high ahead of Tesla’s fourth-quarter earnings report. Although the headline numbers were ahead of expectations, slowing margin growth, a warning regarding supply chain issues, and the delay in new product launches beyond 2022, all served to spook investors, sending the stock sharply lower.
