XPEV - Musk's Comments Put Tesla In Difficult Spot Nikola CFO To Leave After Underwhelming Q3 Fisker's 'Material Weakness' Warning And More: Biggest EV Stories Of The Week | Benzinga
Most electric vehicle stocks advanced in the week that ended on Nov. 18 amid the broader market recovery set in motion by a couple of benign inflation readings. Market leader Tesla, Inc. (NASDAQ:TSLA) led from the front with a weekly gain of over 10%, despite backlash from even the staunchest Tesla fans over CEO Elon Musk’s backing of antisemitic content on X.
Here are the key events that happened in the EV space during the week:
Tesla Swedish Woes Mount, Cybertruck Updates And More: IF Metall, one of the most powerful unions in Sweden, is looking to disrupt work at Tesla’s Berlin Gigafactory, a report by Carup.se said, citing Ekot, the news arm of Swedish national radio broadcaster Sveriges Radio. A Swedish company that makes aluminum profiles for Tesla EVs manufactured in Giga Berlin has reportedly joined the sympathy strike and blockade.
Tesla, meanwhile, released a statement to Tesla owners in the country, saying, “Like many other companies, we have chosen not to enter into a collective agreement. More than 90% of our employees have chosen to remain in their positions, ready to welcome you to our delivery centers, service centers and stores.”
As the Cybertruck launch fast approaches, Tesla sent out invites to the event, with participants selected via a raffle. Separately, Tesla product design director Javier Verdura said at a conference in Monterrey, Mexico, that the company will likely deliver 10 Cybertrucks at the event, Electrek reported, citing MIlenio.
Musk’s support for an antisemitic post on X was the center of controversy toward the end of the week, with many expressing ...