Top 2 Alternatives To Tesla After The Musk-Trump Breakup

Core Viewpoint - Tesla's stock has faced significant declines due to a combination of political conflicts, poor sales performance, and safety concerns regarding its driver-assistance technology [1][2][8] Company Performance - Tesla's stock price was around $300 per share on Friday, down 25% year-to-date but up 11% over the past three months [2] - Tesla's market share in Germany has decreased by 36% year-over-year, reflecting poor domestic and international sales [2] - Analysts predict that if proposed legislation curtails EV tax credits, Tesla could face a loss of $2 billion, with a potential 65% decline in stock value in the following year [8] Industry Trends - Global EV sales are projected to reach 20% of new car sales in 2024, but challenges such as winding down subsidies, tariff fears, and inconsistent charging infrastructure are hindering growth [3] - In China, EV sales have surged by 40% year-over-year in 2024, accounting for two-thirds of worldwide EV sales, up from half in 2021 [5] Competitive Landscape - BYD, China's leading EV manufacturer, has seen its stock rise by 53.18% year-to-date, attributed to aggressive price cuts and a strong market position [10] - Rivian Automotive has experienced a 23% increase in stock price over the past three months, supported by partnerships and a focus on lower-cost EV models [12][13]