EV car makers competing TESLA

Here are a few EV car manufacturers who compete with TESLA (yes I know TESLA will kill everybody and even more, but just in case...)

• Polestar. This is a new brand but it will share knowledge and parts with Volvo. Polestar and Volvo  are owned by Geely, a chinese car company who bought Volvo during the financial crisis of 2009 when the Sweedish car manufacturer was in bad shape. Volvo is a serious car manufacturer and Polestar, imo can become a serious name in the EV space.

• Faraday Future. This is a troubled brand with many annoucements (2016 CES in Las Vegas) and very little follow up. They position in the high-end SUV EV space. This thing might dissapear rather soon (I dont think they own some technologic advance, I might be wrong however). 

• Nio Motors. This is a startup trying to survive. My understand is they position for mass EV production, for now they did not manage to deliver. They did start selling 2 SUV models in China. Since 2014, analysts estimate this company lost more than 6$ billions. Unprofitable companies are very loved by speculators these days. Like for TESLA, the stock price wen parabolic since March 2020 on stupid speculation (700% increase). My take is this company  wont survive. Lately, the stock did start cratering and will probably accelerate towards ZERO!

• Xpeng. It is a chinese startup offering a crossover with lots of connectivity in it. Based on China Passenger Association data, the G3 Xpeng model is the best-selling China EV model from a new company (whatever that means). Check out the G3 2020 model.

• MG. This is an old british car manufacturer which was bought by chinese investors. The company did put on the market a very interesting EV SUV, the MG ZS: european standards at a very competitive price, below 25.000$. It is probably the best quality/price EV car you can buy today. This model will maks some waves. Watch this video for a review of MG ZS

As you can see, there is competition on the market for TESLA already and new comers are preparing to enter the market. If you think TESLA will dominate the EV market, you're dreaming. And I did not list the traditional car makers which will add to their product lines EV models (Ford, GM, BMW, Volkswagen, Audi, Porsche, Jaguar, etc.)

Good luck speculating!