A recent piece highlighted why Nio (NIO) may be a better long-term growth play than Tesla (TSLA). Certainly, that sentiment appears to be holding true, at least since that article was published.
Since that May 26 piece, Nio’s stock price is up approximately 23% at the time of writing. However, investors in TSLA stock have seen an increase of only 2.9% over this time frame.
There are a number of reasons why this may be the case. It appears investors are starting to factor in Nio’s unique market position as a driving force behind higher projected global market share in the years to come. With Tesla being the go-to stock for so long, it appears NIO is rising as a primary option for investors looking for another option (or perhaps a better one).
Indeed, investors will want to constantly analyze the EV space from the lens of how the competitive landscape is shifting. Growth in the global EV market appears to be the primary focus of most long-term investors. In the case of Nio, there’s a lot to like in this regard. (See Nio stock chart on TipRanks)
Let’s dive into a couple of the key factors investors need to consider when choosing an EV play in today’s competitive environment.
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