Most electric vehicle stocks advanced in the week that ended on July 28 amid broader market strength, thanks to earnings-induced optimism and several company-specific catalysts. Tesla, Inc. (NASDAQ:TSLA) shares came under some volatility during the week before clawing back their losses.
Tesla Range Controversy, India Plans And More: Tesla was in the eye of a storm this week after Reuters reported that the EV giant had a secret team set up in Las Vegas called a “Diversion Team” to hush complaints regarding its vehicles’ actual range while on full charge. Tesla backers, including Future Fund’s Gary Black, shrugged off the report saying, “The EPA sets the advertised battery range for each EV based on the same process, so it would be difficult for TSLA to game.”
