Tesla’s Triumph: EV Stock Leaders and Laggards of 2024
- Sr. Analyst
- Dec 17, 2024
- 1 min read
The electric vehicle (EV) market in 2024 is a story of winners and losers. While Tesla (TSLA) continues to dominate with jaw-dropping gains, smaller players like Rivian, NIO, and Lucid are sputtering. Meanwhile, Xpeng (XPEV) is carving out a modest victory amidst the turbulence. Let’s break down the numbers and what they mean for investors.
EV Market Leaders and Laggards: By the Numbers as of 12/17/2024
Stock | Market Cap | Latest Price | 2024 YTD Performance |
Tesla (TSLA) | $1.5T | $479.86 | +93.16% 🚀 |
Rivian (RIVN) | $15B | $14.70 | -30.30% 📉 |
Xpeng (XPEV) | $12.2B | $12.84 | +8.60% ✅ |
NIO (NIO) | $9.5B | $4.54 | -46% 🔻 |
Lucid (LCID) | $8.3B | $2.76 | -33.49% 📉 |
🚀 Tesla (TSLA): Leading the Charge
Tesla is in beast mode, delivering a 93.16% YTD return and solidifying its place as the EV king with a $1.5 trillion market cap.
Why Tesla Wins:
Market Dominance: Tesla continues to lead the pack with global scale and brand loyalty.
Tech and Margins: From cutting-edge battery tech to profitable production lines, Tesla plays where others struggle.
Investor Confidence: Consistent growth keeps Tesla a magnet for both long-term and short-term investors.
At $479.86 per share, Tesla remains untouchable. It’s not just an EV company—it's a tech powerhouse on wheels.
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