Here are the key events that happened in the EV space during the week:
Data shared by S3 Partners Ihor Dusaniwsky showed that the short interest in Tesla stock fell following the rally seen in 2023. As a result, the Elon Musk-led company ceded its position as the most shorted stock to Apple and is now the third-most shorted stock behind tech giant Microsoft.
Musk ruffled many feathers this week by suggesting that he wanted about 25% voting control in Tesla in order to make the company a leader in Ai and robotics. “Unless that is the case, I would prefer to build products outside of Tesla,” he said.
CNBC Mad Money host Jim Cramer took a swipe at the Tesla CEO’s demand. “We have a CEO [who's] getting a little petulant … again, talking about needing to control 25% to innovate,” he said. The stock picker also suggested that Tesla could be the first to drop out of the “Magnificent 7” list.
See Also: Best Electric Vehicle Stocks
Canoo Begins Deliveries Of EDV: Struggling EV startup Canoo, Inc. (NASDAQ:GOEV) said this week it delivered its LDV 130 electric delivery vans to Kingbee, a work-ready van rental provider. Additional customer deliveries will be scheduled throughout 2024, the company said.
Check out more of Benzinga’s Future Of Mobility coverage by following this link.
The KraneShares Electric Vehicles and Future Mobility Index ETF (NYSE:KARS) ended Friday’s session fell 0.41% at $21.80, according to Benzinga Pro data. For the week, the ETF fell 6.40%.
EV Stock Performances For Week
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