Why Tesla stock is getting left in Ford's and GM's dust
New York Tesla had a stellar 2020: The electric car maker was added to the S&P 500 and the stock surged an electrifying 743%. But some investors have pulled the plug on the company lately.Tesla shares are nearly 25% below their all-time high set earlier in the year, and down 2% for 2021 to date -— a time when traditional automakers are surging as they ramp up electric vehicle ambitions.It seems investors are a bit infatuated with these legacy Big 3 automakers as they look to rapidly expand thei
Nio Grabbed 23% Share Of China's All-Electric SUV Market In April, Ahead Of Tesla's 17%
Nio Inc NIO 7.31% grabbed the largest market share in China’s all-electric SUV market in April, higher than its U.S.-based rivalTesla IncTSLA 3.09%, according to China Automotive Technology and Research Center data.What Happened: Nio grabbed a 23% electric SUV share in April, compared with Tesla’s 17%, CnEVPostreported— citing the CATRC data.Nioclockeda total of 7,404 SUV sales in April — with the ES6 model selling the most at 3,302 vehicles, EC6 sales were 2,484 units and ES8 sales at 1,618 uni