Nio Outperforms Big Brother Tesla, Big-Time
- Date: 13-Jun-2021
- Source: Yahoo News
- Sector:Transport
- Country:Middle East
Nio Outperforms Big Brother Tesla, Big-Time
Tesla (NASDAQ:TSLA) is the poster-child of the EV revolution. Nio (NYSE:NIO), on the other hand, has always been the little brother stuck living in Tesla's shadow. But now, the little brother is taking the reigns and driving leading the EV charge, and Nio stock is beginning to reflect this shift in dynamics.
Source: xiaorui / Shutterstock.com
Over the past month Nio stock is up 33%. TSLA stock over that same period is down 3%. This huge of a delta in performance has never happened before, where Nio is sustainably and significantly outperforming Tesla.