Electric vehicle stocks ended the week ended February 17 higher for the most part, led by Tesla, Inc. TSLAas Bargain hunting lifted run-down stocks. The space is likely to see some volatility in the coming week as EV earnings coverage begins.

Here are the main events that took place in the EV space during the week:

Mixed news for Tesla: Tesla stock’s bullish momentum accelerated, with shares rising for the sixth straight week. Optimism surrounding Investor Day announcements on March 1 and hopes for a revival in sales after underperforming in 2022 and the potential launch of Cybertruck later this year have all worked together to propel the stock higher.

Tesla clarified this week that it has eliminated 4% of employees from its Autopilot labeling team in Buffalo, New York a routine performance appraisal and not in response to a union organizing initiative. The clarification came in response to a union complaint to the US National Labor Relations Board that the company fired dozens of workers at its Buffalo plant a day after workers launched the union organizing campaign.

The EV giant was also hit by negative headlines over a recall of 362,758 vehicles equipped with its fully self-driving beta systems due to the risk the cars are likely to exceed speed limits on inner-city roads and illegally or unpredictably through intersections driving behavior. The recalled vehicles included 2016-2023 Model S, X cars, 2017-2023 Model 3 cars, and 2020-2023 Model Y SUVs equipped with FSD Beta. Tesla said the issue would be fixed with an over-the-air software update.

One of the most successful investors and Warren Buffett Trusted lieutenants prefer Chinese EV startup BYD Manufacturing Company Limited BYDDY BYDDF about Tesla. BYD is far ahead of Tesla in China, Charlie Munger said in an interview with CNBC this week.

Things may be looking up for Tesla in China as the company reversed some of the price hikes it carried out in the country in late 2022 and early 2022…