top of page

Tesla’s Triumph: EV Stock Leaders and Laggards of 2024

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.

 
 
 

Comments


bottom of page