Tesla is quite the car company, being that they were able to fuel investor demand for all new electric vehicle stocks. Tesla seems to be at the point of most interest, as a company that can sell thousands of electric vehicles a year towards startups yet to deliver a single vehicle. And plenty more stocks are arriving. When you loosen the phrase, it’s really all about a means of selling vehicles for the good of the American public. Tesla had their stock fall 5% more than Nio, their competitor. Tesla is delivering over 500,000 vehicles which is a higher standard for challengers. By this means, Tesla has their stock hitting number one by the market cap in the auto industry, while hitting a value of $543 billion.
Plenty of EV startups hasn’t any actual sales or production that they worry about. Not like the Chinese EVs that between 2018 and 2020 have seen their stocks soar. It is a wonder then why Nio, with their combo of innovative brand awareness, have been able to stand apart. Shifting their image from Xpeng Motors and Li Auto alike. The sales of those premium electric SUVs lifted up and over 113% in 2020 to about 43,728. Nio and their EC6 crossover is sure giving Tesla a run for their money. In which case, Tesla should be very very scared. It’s only logical in such an instance to strengthen their power. If for nothing else, then for more intimidating fools that dare try to topple Tesla. Wouldn’t you want to be able to change people and their decisions with so much precision?
Most US EVs are trying to go public via SPACs or IPOs. But there can always be a level of risk for investors. The US is still trying to develop their vehicles. Other competitors of note for Tesla would have to include Nikola, Fisker, and also Canoo. What a race!