Electric vehicle stocks closed the week ending May 19 on a mixed note, with market leader Tesla, Inc. (NASDAQ:TSLA) having a strong run amid CEO Elon Musk’s first China visit since the COVID-19 pandemic.
Musk’s China visit took center stage this week as the billionaire visited Tesla’s Giga Shanghai plant and met with Chinese government officials, including Foreign Minister Qin Gang and Minister of Industry and Information Technology Jin Zhuanglong. He also held discussions with Shanghai Party Secretary Chen Jining and had an audience with China’s Vice Premier Ding Xuexiang, who is reportedly close to President Xi Jinping.
