Investors question rally in stocks of Tesla’s Chinese electric vehicle rivals

//Investors question rally in stocks of Tesla’s Chinese electric vehicle rivals

Investors question rally in stocks of Tesla’s Chinese electric vehicle rivals

The meteoric rise of Chinese electric-vehicle stocks that disrupted market value rankings and left some industry observers scratching their heads is showing signs of fizzling out.After reaching record highs, EV makers NIO, Xpeng and Li Auto have each lost more than 10 per cent over the past week. A dramatic drop by giant Tesla – amid intensifying competition and the company missing out on being included in the S&P 500 Index – has some investors questioning the prospects of smaller Chinese…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-09-10T04:00:20+00:00 September 10th, 2020|Business|Comments Off on Investors question rally in stocks of Tesla’s Chinese electric vehicle rivals