Automotive Industry Data

It’s been a week since the most politically-charged Thanksgiving week in four years, and the results are in: people are buying more EVs, and they’re not afraid to hit the road in their new, battery-powered conveyances. The automotive and EV charging industry analysts report that DC fast charging sessions were up nearly 50% compared to the same week last year.

Tesla’s stock (TSLA) rallied last week following comments by Ron Baron. The rally didn’t last long after rumors of a potential problem with Tesla’s suspension started to spread quickly at the end of last week.

While the rumors have been mostly shut down at this point, Tesla’s stock is having difficulty recovering and a new report about the automaker’s sales in Europe is not helping.
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