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Tesla Brisk At Giga Shanghai, Musk Offloads More Shares, Canoo’s Dwindling Cash Position, Nikola Names New Leadership: Week’s Biggest EV Stories

News Snapshot:

However the broader market rally, electrical automobile shares closed the week ending Aug. 12 on a combined observe. Market chief Tesla, Inc. TSLA picked up momentum within the run-up to its inventory cut up, which is about to take impact on Aug. 25. The week additionally witnessed earnings releases from a number of corporations within the area. Listed here are the important thing occasions that occurred within the EV area throughout the week: Musk Kicks Off Week By Promoting Shares: After suggesting in late April that additional Tesla inventory promoting is just not deliberate, CEO Elon Musk on Tuesday disclosed…

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