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Benzinga
Benzinga
National
Shanthi Rexaline

Tesla Hikes Prices Yet Again, Nio Stock Gets Going With New Vehicle Launch, Toyota At Odds With Shareholders: Week's Top News From EV Industry

Electric vehicle stocks continued to head lower in the week ending June 17, with macroeconomic concerns weighing down on the industry. Stocks came under significant selling pressure ahead of the Fed decision but saw a relief rally on Wednesday post the decision. Further selling followed on Thursday, and stocks moved back up on Friday to end flat to slightly higher.

The Chinese EV trio once again bucked the downtrend.

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