3 EV Stocks That Could Challenge Tesla’s Dominance
For more than a decade, the only major player in the electric vehicle (“EV”) space has been Tesla. With an 81% market share in the United States and 15% globally, Tesla is arguably the largest EV company and the most valuable automaker on the globe. Valued at around $300 billion, Tesla surpassed established automakers such as Toyota, General Motors, Ford and Volkswagen. However, despite cornering the U.S. market, Tesla Inc. (NASDAQ: TSLA) may be facing steep competition in the future from the following EV stocks. NIO Inc. Like Tesla, NIO Inc. (NYSE: NIO) has cultivated a cult following by developing…