EV Week In Review: Tesla Bets Big On China, Lucid Hit With Recall Woes, Li Auto Surprises With Quarterly Profit, Ford Puts to Rest Spin-off Talks And More
EV shares had a mixed ride in the week ending February 25, as the Ukrainian conflict kept risk aversion going in the markets. Market leader Tesla, Inc. (NASDAQ: TSLA) continued to bleed during the week, having dropped to a psychological support of around $700, its lowest level since August 2021.