Week's Biggest EV Stories: Tesla Loses High-Profile Executive, Canoo Runs On Twin Contracts, Fisker Poaches BMW Executive And More
Electric vehicle stocks meandered to a mixed close in the week ending July 15 following a uniformly strong close in the previous week. Inflation worries roiled the broader market in the past week as the metric climbed to a fresh 40-year high in June. This in turn reignited worries regarding a string of aggressive rate hikes.