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Benzinga
Benzinga
World
Shanthi Rexaline

Musk's Brash Communication Hits Tesla Shares, Nio And Chinese Peers Weather Lockdowns, GM Pushes Bolt Sales: EV Industry Week Highlights

GM NIO Elon Musk Nasdaq Jim Farley NYSE Ford

Electric vehicle stocks retreated along with the broader market in the week ending June 3, with Tesla, Inc. (NASDAQ:TSLA) leading the declines. The broader market paused for a breather after the previous week's back-end rally. A strong non-farm payrolls report released on Friday reignited Fed rate hike fears and sent stocks into a tailspin.

Here are the key events that happened in the EV space during the week:

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