News Snapshot:
Electric-vehicle stock prices in China have risen significantly since the Covid shutdown shook the country, which is the second-largest economy on Earth. Tesla’s stock is also rising as a result of the announcement. Citigroup analyst, Jeff Chung recently talked with executives from the Chinese Passenger Car Association. Compared to May, they estimate a 50% increase in June passenger car wholesale volumes. What’s more, retail sales volumes are forecast to climb 20 percent quarter over quarter, backed by increasing output and tax cuts aimed to promote demand. There will be some relief for investors as a result of this news. When...
