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Tesla Giga Canada Rumors, Ford’s Sizzling EV Sales, Lucid, Nikola Tap Equity Market, Canoo Loses Top Manufacturing Executive: Week’s Biggest EV Stories

Electric vehicle stocks fell across the board in the week ended September 2 amid macroeconomic concerns that rocked the market. The August jobs report, the U.S. government’s move to restrict chip exports to China, and the shutting down of the Nord Stream 1 offshore pipeline that supplies oil from Russia to Europe all served to intensify risk aversion in the market.

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Indonesia Courts Tesla, Lucid Launches Model S Plaid Killer, Rivian Kills Cheapest Truck Trim, Insiders Repose Faith In Canoo And More: Week’s Biggest EV Stories

Electric vehicle stocks were caught in the maelstrom of a market-wide sell-off seen, primarily, in the final session of the week ending Aug. 19. Market leader Tesla, Inc. (NASDAQ: TSLA) traded with caution for the whole of the week ahead of the company’s stock split taking effect.

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Nasdaq Futures Retreat Sharply As Investors Look Ahead To Retail Sales Data, FOMC Minutes; Apple Doesn’t Budge Despite Twin Price Target Hikes

The major U.S. index futures are pointing to a lower open on Wednesday following the mixed close in the previous session. At the time of going to press, the Dow Jones and S&P 500 futures were slipping 0.54% and 0.68%, respectively, and the Nasdaq 100 futures were down a steeper 0.81%.

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