Read More

Tesla Giga Canada Rumors, Ford’s Sizzling EV Sales, Lucid, Nikola Tap Equity Market, Canoo Loses Top Manufacturing Executive: Week’s Biggest EV Stories

Electric vehicle stocks fell across the board in the week ended September 2 amid macroeconomic concerns that rocked the market. The August jobs report, the U.S. government’s move to restrict chip exports to China, and the shutting down of the Nord Stream 1 offshore pipeline that supplies oil from Russia to Europe all served to intensify risk aversion in the market.