When we talk about the most famous car manufacturing companies in the world, the name of Tesla comes in our mind too. Since the foundation of this company, it has worked for the welfare of the people by not just providing the amazing cars at a reasonable price but also by giving them a chance to invest and earn through Tesla Stock (NASDAQ TSLA). The company was founded in 2003 and since then it has faced not just the good phase of business but also some bad phases.
The best thing among all this was that the people connected with it never lost their trust in this company and due to that, the company stood up as one of the biggest car manufacturing companies in the world. A few years back the company started the projects of designing and manufacturing electric cars. This was like a new movement in the field of cars manufacturing.
Nio is a Chinese company which also works in the field of SUVs manufacturing and some other models of cars too. Other than this there are many other fields also in which the company works very well. The company came into existence in the year 2014. In starting the name of this company was NextEV, Inc. Later on the name of the company was changed as Nio in the year 2017.
There are many differences and similarities in both of the companies. The biggest difference is that Nio is a Chinese company while Tesla is a US company. The prime business of Nio is to manufacture SUVs while the same for Tesla is to design and manufacture electric cars and the storage devices for electricity and charges.
Nio is growing rapidly in the car industry but it is still not the best choice to invest as per the experts. Last year manufacturing rates of the Nio were also higher than the Tesla company. If things are like this, why do the experts still believe that it is better to invest in Tesla? The main reason behind this is that Tesla has a lot more experience in this field than Nio.
The chances of using electric cars in the future are even more than SUVs and other cars. These all make things favourable for Tesla more than the Nio company. Therefore if you want to invest in any of these two companies and don’t find it easy to choose between the two, you can easily pick Tesla stock over Nio stock if you want to remain safe. However, if you want to have some risk, you may go for Nio too. For more information, you can check TSLA news.