Nio Tesla

Nio still has a long way to go with its global ambitions if it is to match the scale of elon musk s tesla.

Nio tesla. Nio followed up the es8 with a smaller upscale electric crossover called the es6 which compared well with tesla s model 3 on paper and sales of that model have been decent since its launch a. In the second quarter alone tesla delivered more than 90 000 vehicles worldwide. How do tesla and nio compare. Tesla does not use swappable batteries while nio does.

Nio had been playing on the backfoot ever since tesla nasdaq tsla unveiled sweeping plans to overhaul its battery architecture at the much anticipated battery day event earlier this week today. Tesla stock has risen almost 87 this year while nio stock has fallen almost 10. Under this new policy nio is the biggest beneficiary as they are the only premium ev company with battery swap services. While nio is in the earlier phases of growth with revenue expanding 56 last year and growth likely to accelerate in 2020 tesla sales grew by just 15 last year and could potentially slow in 2020.

With impressive track record and growth potential both stocks are valued for money given their impressive past performance and favorable analyst sentiment. Tesla sells globally while nio and li s sales are confined to the chinese market. It should also be noted that tesla does not issue a geographic breakdown of delivery numbers. Tesla tsla and nio nio have emerged as key players in the electric vehicle industry.

Overall while nio s faster recent growth and unique innovations such as battery as a service baas which allows customers to subscribe for car batteries rather than. Both of the companies are electric vehicle producers but with different fortunes. All future premium models price above 300 000 yuan developed by nio that come with swappable batteries are still eligible for the subsidy.