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Tesla’s China Woes, Giga Berlin to Soon Come Online, Earnings Fail to Lift Nio, Lordstown On Track, Fisker’s Debt Financing and More

August 15, 2021
Source: bitcoinethereumnews.com bitcoinethereumnews.com
News Snapshot:
The EV space was brimming with activity in the week ended Aug. 13, with fund raising and earnings dominating the headlines. Tesla’s July Deliveries Tumble But Musk Isn’t Bothered: Tesla, Inc. (NASDAQ: TSLA)’s China sales fell 69.4% month-over-month in July, according to data released by industry body China Passenger Car Association. About three-fourth of the wholesale sales were exported. Later, Tesla’s CEO Elon Musk explained away the weakness through a tweet, stating the company makes cars for exports in the first half of the quarter and cars meant for local sales are made in the later half of the quarter....
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