Faraday Future

The Many EV Startups That Were Supposed To Threaten Tesla But Didn’t

Over the years, as we’ve noted several times, certain electric vehicles from traditional automakers have been hyped as “Tesla killers” (mostly by members of the media and Wall Street, not the automakers). Those EVs have not turned out to be Tesla killers. On the contrary, the Tesla Model 3 is the top selling EV in the world and several of these “killers” have very limited sales.

EV Companies Raise $10+ Billion In 2019, & Fortune 500 Companies Are Now Jumping In

Companies like Tencent, Baidu, Amazon, Samsung, Google, IKEA, Goldman Sachs, Citi, Renault-Nissan, and many more are investing heavily in the field of electric mobility, according to The Global e-Mobility Funding Report for Q2 2019.

It seems like all Forbes 500 companies have awoken and now want to tap into an industry that is projected to have a value of over $500 billion in 2025.