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Benzinga

Business

Shanthi Rexaline

Tesla Brisk At Giga Shanghai, Musk Offloads More Shares, Canoo's Dwindling Cash Position, Nikola Names New Leadership: Week's Biggest EV Stories

Canoo Nikola Nasdaq United States Elon Musk Fisker INC Tesla Inc. electric vehicle NYSE

Notwithstanding the broader market rally, electric vehicle stocks closed the week ending Aug. 12 on a mixed note. Market leader Tesla, Inc. (NASDAQ:TSLA) picked up momentum in the run-up to its stock split, which is set to take effect on Aug. 25. The week also witnessed earnings releases from a few companies in the space.

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

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We Got This Covered

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