The past month has been absolutely outstanding for Tesla (Nasdaq: TSLA). The company jumped following news that its second-quarter deliveries exceeded expectations, and the stock continued running. However, comments made by the Federal Reserve on July 11th suddenly created a new environment across the investing world.
Tesla dropped 8.4% that day, shedding $70 billion in market cap. Across the week that followed, many EV stocks that had been struggling across 2024 saw some of these best gains of the year. We explore what happened in the market and what it means for EV stocks going forward.
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