Tesla and Rivian stocks dropped over the course of recent trading days following announcements by the electric vehicle firms’ executive teams.
In the shadow of controversy spurred by Elon Musk’s management of Twitter, Tesla shares dropped to a 52-week low on Tuesday.
Delivery figures for Tesla dropped significantly in the second quarter of this year. A confluence of factors may have led to this EV pioneer ceding its crown to Chinese rival BYD.
After weeks of strict lockdown measures, China’s electric vehicle sector is returning to business-as-usual. The latest figures reveal significant sales growth, albeit lower than might have been expected were productivity not limited by COVID-19 and supply chain problems.
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