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

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.

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Week’s Biggest EV Stories: Tesla Loses High-Profile Executive, Canoo Runs On Twin Contracts, Fisker Poaches BMW Executive And More

Electric vehicle stocks meandered to a mixed close in the week ending July 15 following a uniformly strong close in the previous week. Inflation worries roiled the broader market in the past week as the metric climbed to a fresh 40-year high in June. This in turn reignited worries regarding a string of aggressive rate hikes.

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