The battle of the electric cars in 2021 — who will rival Tesla?

Grafa
2 min readDec 20, 2021

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  • Lucid shares skyrocketed 345% in 2021 as the company began delivering EVs.
  • Rivian beat all electric vehicle companies to deliver an electric pickup truck in 2021.
  • Tesla remains the leader of the EV market, delivering over 240,000 vehicles in Q3 alone.

Tesla’s share price rocketed 62% in 2021 as the electric vehicle (EV) leader benefited from a global shift to a greener, more sustainable future, especially through the COP26 conference.

But a number of rivals around the world and market newcomers are ready to give Tesla a run for its money in 2022.

Lucid shares topped the EV charts for growth in 2021, skyrocketing 345% after a big year of milestones including the company’s Air being named as the ‘best car of 2022’ by MotorTrend, and the delivery of its first vehicle in October, which is the world’s first electric car with a range over 500 miles.

Since going public on November 10, 2021 Rivian’s share price has climbed 15% to sit around US$116/share. Rivian beat all other EV manufacturers, including Tesla, to deliver the first fully electric pickup truck, the R1T, to customers. Rivian also boasts a backlog of 55,400 orders for its R1T and R1S vehicles in 2022.

China-based EV manufacturer Nio’s share price remained relatively stable throughout 2021 as record vehicle delivery milestones were offset by a number of delays in production due to the global chip shortage crisis.

You can read the full story at Grafa

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Grafa
Grafa

Written by Grafa

Grafa is an powerful market screener that scans for shares, crypto & forex. Track the ASX200, NYSE news & company share prices. See "HOT" stocks and set alerts.

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