Electric vehicle stocks came under selling pressure for the week ended February 24, weighed down by rising risk aversion and a negative earnings report from the luxury EV maker Lucid Group, Inc. LCID.

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

Tesla’s New Technical Headquarters and More: After moving corporate headquarters to Austin, Texas, Tesla, Inc. TSLA has returned to California, but this time closed houses its global engineering headquarters in Palo Alto. The company held an event to announce the plan, which the CEO attended Elon Musk and Governor of California Gavin Newsom.

With the final tranche of stock awards under Musk’s 2018 salary plan already vesting, the chatter about the billionaire receiving a “monster package” has begun. This would likely calm investors’ nerves and also keep the “technoking of Tesla” sticking to its EV company, the Wedbush analyst said Daniel Ive.

Reports have suggested that Tesla’s Mexico plans could hit a roadblock due to water shortages in Nuevo Leon, Mexico, where the company is targeting to build its next Gigafactory. Mexican President Andres Manuel Lopez Obrador It was reportedly said that the country will not issue permits to build the plant amid water shortages.

This week, Tesla also began implementing its “Magic Dock” at its U.S. Supercharger locations, which would give owners of non-Tesla vehicles access to the facility for charging. The first location with the Magic Dock, a supercharger that includes a built-in CCS Combo 1 adapter, was reportedly found in Verona, New York.

All eyes now turn to the coming week, when the company plans to host its first Investor Day.

See also: The best stocks for electric vehicles

Lucid, Nikola disappointed with Q4 reports: With both fourth-quarter sales and 2023 production guidance disappointing on the downside, Lucid’s investors dumped the stock this week. CEO Peter Rawlinsons comforting comment…