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Tesla vs. Nio Tesla has a credible rival in Nio, the Chinese company. Nio just unveiled a luxury e-sedan that includes Nvidia chips (which helped Nvidia rally) that could rival Tesla's cars. No, this isn't a zero-sum gain; there's enough market demand for both companies to thrive. E-cars make up only 3% of the market; you can have 10x the companies. Tesla can't satisfy demand; they don't need to advertise. Gas-powered cars are a thing of the past. Also, Biden will be friendly to green power, so there may be subsidies for e-cars, which will propel this industry. The only thing limited both companies is their production capacity which they can do if shareholders keep buying up shares. He sees this continuing, despite today's pullback. They are riding one of the great tidal waves of all time. Shareholders see themselves as stopping climate change, and are dedicated.