XPEV - Elon Musk Teases Amped-up Roadster Apple's Self-Driving Car Debacle Fisker's 'Going Concern' Warning And More: Biggest EV Stories Of The Week | Benzinga
Most electric vehicle stocks advanced in the week that ended on March 1, riding on the broader market strength, with market leader Tesla, Inc. (NASDAQ:TSLA) closing above the $200 mark for the first time since mid-February.
Here are the key events that happened in the EV space during the week:
Tesla’s Roadster Update, Model Y Price Cut Reversion And More: Tesla’s much-delayed Roadster could finally see the light of day. CEO Elon Musk said in a post that the company has “radically increased” design goals for the car and that the production design will be completed and unveiled by the end of 2024. The sports car, which was originally announced in 2017, will accelerate from zero to 60 miles per hour in less than one second, and will be developed in collaboration with SpaceX, he said.
“There will never be another car like this, if you could even call it a car,” Musk said in the post.
The week also saw Tesla reversing the $1,000 price cut for the Model Y RWD and Model Y LR variants in the U.S. that had been in effect for much of February. The two variants now cost $43,990 and $48,990, respectively, not counting for the $7,500 EV tax credit. At the same time, Tesla began offering additional incentives in China for its Model 3 and Model Y EVs, which will run through March. The move comes amid intensifying competition ...