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EV week in review: Tesla's ESG index expulsion, 'Elongate' scandal, Nio's Singapore listing

Benzinga Real-time News ·  May 22, 2022 23:10  · Market Signals

EV stocks bucked the broader market downturn and ended mostly higher, although market leader$Tesla(TSLA.US)$was down for a fourth straight week. Charging stocks also came under selling pressure, while China EV stocks recorded handsome gains.

Here are the key events that happened in the EV space during the week:

Tesla Bears Brunt Of Non-Tesla Headlines:Tesla stock remained under pressure amid fears that production disruption in China will impact the company's fundamentals in the near term. Citing the slow ramp following restart of production at Giga Shanghai, longtime Tesla bull and Wedbush analystDan Ives...

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