Tuesday, September 21, 2021

Tesla Vs Legacy Automakers: Which Will Win The Electric Car Race? - InsideEVs

Last updated Thursday, August 26, 2021 09:37 ET , Source: NewsService

It seems new players are joining the game on a regular basis, and OEMs are getting on board.

This article comes to us courtesy of EVANNEX, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at InsideEVs, nor have we been paid by EVANNEX to publish these articles. We find the company's perspective as an aftermarket supplier of Tesla accessories interesting and are happy to share its content free of charge. Enjoy!

The rocket-fueled rise of Tesla stock is a well-known story, and for several years it was about the only one worth listening to in the electric vehicle realm. That is, TSLA was the only EV-related stock that most people were familiar with, or could easily buy. As the EV market has expanded over the past couple of years, many more companies have rolled onto the stock market stage, and some of them have delivered very entertaining performances indeed.

2020 was a wild and crazy year for the stock market—equities plunged as the plague propagated, then levitated as lockdowns were lifted. One of the hottest segments of the market was a new crop of EV startups, including Lucid (LCID), Proterra (PTRA), QuantumScape (QS), Xpeng (XPEV), ChargePoint (CHPT) and Lightning eMotors (ZEV). Many of the startups went public through special-purpose acquisition companies (SPACs), an alternative to the traditional IPO that boosters say streamlines the process of going public, and detractors say encourages firms to go...

Read Full Story: https://insideevs.com/news/529093/tesla-versus-legacy-automakers-evs/

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