Apple, Inc.'s (NASDAQ: AAPL) self-driving car project has been a non-starter, and Project Titan, the team which is responsible for its development, has seen a mass exodus of personnel.
The EV space was broadly lower in the week ending May 13, although closing off their lows. The industry took cues from the broader market, which went through a steep sell-off early in the week before recovering on Friday. Market leader Tesla, Inc.
April is historically a good month for stocks. This year, not so much--at least the latter part of the month when all mid-month gains were wiped out. May doesn't look much better. Spring, it seems, has not yet sprung in the markets.
Companies Reporting Before The Bell
• Atlantica Sustainable (NASDAQ:AY) is likely to report quarterly loss at $0.08 per share on revenue of $277.90 million.