Electric vehicle stocks mostly fell in the week that ended on May 24, as the midweek market weakness and a lack of any meaningful catalyst weighed down on them. Here are the key events that happened in the EV space during the week: Tesla China’s Rumored Production Cut And More: Tesla has cut Giga Shanghai’s output of the company’s bestselling Model Y EV by a double-digit percentage since March, a Reuters report said this week, citing industry data and a source. The production cut has come amid the ongoing demand weakness and intensifying competition in China. The EV giant is going all out to g…
