From Nasdaq:

This week saw Tesla, Inc. rebound modestly after the market awaited earnings from other EV startups. Chinese and Tesla monthly EV deliveries were affected by China’s slowing economy. Meanwhile, Tesla’s Giga Berlin hit a production milestone, but the company also recalled 2.2 million vehicles including the Cybertruck due to a font size issue with warning lights.

Tesla CEO Elon Musk’s $55 billion 2018 compensation plan was invalidated, polarizing opinion. Tesla’s operational progress was evident in Giga Berlin, while Tesla’s monthly production records continue. Ford’s battery EV sales fell in January, with Mustang Mach-E sales down 50.7% year-over-year, F-150 Lightning EV sales down 0.3%, and E-transit electric van sales rising 5,450 vehicles.

Luxury EV maker Lucid Group, Inc. shares jumped 25% due to a Saudi Arabian agreement and potential security vehicle reports. Canoo, Inc. added EVs to Zeeba’s fleet, and commercial EV startup Arrival plc was delisted from Nasdaq. The KraneShares Electric Vehicles and Future Mobility Index ETF ended Friday’s session down 1.84% and fell 3.35% for the week.

EV stock performances for the week: Tesla +2.54%, Nio -9.77%, XPeng -8.70%, Li Auto +2.61%, Fisker +0.10%, Workhorse -7.45%, Hyzon +1.67%, Canoo +9.47%, Rivian +2.03%, Lucid +24.91%, Faraday Future -14.86%, Nikola +2.90%, VinFast -3.70%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



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