If Lucid were somehow able to get the Apple Car in its fleet that could change things.

Martin spent a successful 25 years career at Volkswagen Group, and his last job was as the senior vice-president of Sales in Europe for Audi.

Investors rejected the company when it proposed a $2 billion senior convertible note debt offering.

Nio reported its December, fourth quarter, and full-year delivery figures over the weekend, and suffice to say, Wall Street was impressed.

As much as analysts say that Tesla’s stock is inflated and that the EV market is catching up to the company, we cannot deny that the stock is resilient.

Both companies are firing on all cylinders right now.

In its first quarterly earnings call since becoming a blue-chip stock on the benchmark S&P 500 index, Tesla (NASDAQ:TSLA) disappointed and missed Wall Street estimates nearly across the board.

Both of these historic automotive countries have some growth in them, as they try to play catch up in the electric vehicle sector.

While any excitement over their future lineup of new vehicles has clearly dissipated, it is hard to see Ford as a viable challenger in the ultra-competitive electric vehicle market moving forward.

Ford reports Better-Than-Anticipated Q2 Operating Results as company manages Coronavirus.