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Tesla finally confirms stock split amid plunge, Nio unveils plans for 2024, Fisker's orders overflow: Week's top news from EV industry

Benzinga Real-time News · Jun 12, 2022 20:33

TSLA -1.92% ORCL -0.97% HMC -0.90% NIO -5.00% SONY -0.71%

Electric vehicle stocks came under selling pressure once again in the week ending June 10 as macroeconomic fears engulfed the market. The weakness was concentrated in the final two trading days of the week, as Friday's inflation data rattled investors.

As$Tesla(TSLA.US)$continued to trade in red, the U.S.-listed Chinese EV trio managed to buck the downtrend.

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

Tesla's Stock Split: Tesla filed a delayed proxy statement on Friday, confirming that it would seek shareholder approval for increasing the authorized share capital...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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In Malaysia, investment products and services available through the moomoo app are offered through Futu Malaysia Sdn. Bhd. ("Moomoo MY")regulated by the Securities Commission of Malaysia (SC). Futu Malaysia Sdn. Bhd. is a Capital Markets Services Licence (License No. eCMSL/A0397/2024) holder. This advertisement has not been reviewed by the SC.

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