From NASDAQ, Inc.:

Electric vehicle shares, including Tesla’s, struggled last week due to Tesla’s disappointing Q4 results. Key events in the EV space included Tesla’s double miss, concerns about demand and margins, and Cathie Wood’s Ark Invest buying Tesla shares. Rivian Automotive was rumored to launch its R2 model, and Canoo signed a contract with the USPS. Additionally, GM and Honda started production of fuel cells, while Hyzon Motors delivered four FCEVs to Performance Foods Group.

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EV stock performances for the week:
– Tesla: -13.64%
– NIO: +1.32%
– XPeng: -6.95%
– Li Auto: -2.20%
– Fisker: +2.53%
– Workhorse Group: +0.39%
– Hyzon: +28.66%
– Canoo: +0.16%
– Rivian: -1.23%
– Lucid Group: -2.21%
– Faraday Future Intelligent Electric: -11.65%
– Arrival: -35.18%
– Nikola Corp.: +8.51%
– VinFast Auto Ltd.: -1.00%

The KraneShares Electric Vehicles and Future Mobility Index ETF (NYSE:KARS) rose 0.99% on Friday but fell 1.47% for the week.

In summary, the past week showed a mix of disappointments, rumors, and successes in the EV space, leading to a range of performance outcomes for EV stocks.



Read more: Tesla Alienates Investors With Sketchy Near-term Outlook, Rivian’s Rumored R2 Global Premiere, Canoo On A Roll: Biggest EV Stories Of The Week