StockWatch: Tesla Facing Further Competition

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China​’s biggest carmaker is launching a premium electric car brand it hopes will take on #Tesla​.

This comes as Volkswagen​ and GM​ entered the EV​ race as governments are pressuring the #automobile​ makers to reduce their #carbon​ footprint within the next decade.

Ford​ Motors posted a four-year high last week as analysts now believe that Ford’s alliance with Volkswagen signals a shift into an aggressive electric vehicle rollout between 2025 and 2030, finally joining their other rivals.

Timestamps:
– TSLA​ 03:30​
– F​ 04:20

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