Looking for the Next Tesla? Here Are the Top 2 EV Stock Contenders

If you have been following the electric vehicle (EV) space, you likely will have come across the phrase “next Tesla” several times. From labeling multiple EV models as “Tesla killers” to coming up with catchy monikers like “Tesla of China” and “Tesla of trucking” for NIO (NIO) and Nikola (NKLA), respectively, markets have been on an almost unending wait for the next Tesla (TSLA).

In reality, though, Nikola now trades just above $1, while Lucid Motors (LCID) - which was also once hailed as a Tesla killer - is struggling to sell as many cars as it can produce, and is almost a penny stock now. While the Peter Rawlinson-led company could still be a multi-bagger, I would exclude it from the list of potential Tesla killers.