XPEV - Tesla Analyst's Tempered Q3 Expectations Lucid CEO's Fat Paycheck Nikola's Nagging Fire Incidents And More: Biggest EV Stories Of The Week | Benzinga
The broader market weakness weighed down on electric vehicle stocks in the week ending on Sept. 8, although some, including market leader Tesla, Inc. (NASDAQ:TSLA), bucked the downtrend. After the irrational exuberance that followed its initial public offering, Vietnamese EV startup VinFast Auto Ltd. (NASDAQ:VFS) continued to head south.
Here are the key events that happened in the EV space during the week:
Tesla’s Giga Shanghai Milestone, Cybertruck News Flow And More: Tesla Asia said on X this week that the Elon Musk-led company’s Giga Shanghai plant achieved the milestone of producing its 2 millionth vehicle in just four years since the plant’s inception. About half of Tesla’s worldwide production comes from the Giga Shanghai plant, and EVs manufactured there have higher margins. The Giga Shanghai also serves as Tesla’s major export hub.
In Gigafactory Shanghai, we produced 1 million cars within 33 months, and remarkably, we reached the second million milestone in just 13 months! https://t.co/pYJkZhRSdu — Tesla Asia (@Tesla_Asia) September 6, 2023
News around the Cybertruck continues to circulate heavily, as the vehicle’s launch approaches. While one social media user shared a video of two Cybertrucks cruising down a highway, another shared a TikTok video of a ...