I think there's enough market share to go around, where there's enough room for a lot of growth for Tesla's competitors.
As well as the existing players, you have a lot of startups like Rivian, Nio, Xiapopeng,Lucid.
If the EV market was not big enough, you would not have a lot of these startups wanting to lose money for the sake of it.
Each company will have something compelling to bring to the table
I think Nio has a battery swapping arrangement so you dont have to charge the battery as such.
Novonix can still have presence with the different use cases of each company.
Tesla has a head start...but it doesnt mean it owns 100 percent of the market , like how some people make out.
$1 party, page-117
Add NVX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
63.5¢ |
Change
-0.015(2.31%) |
Mkt cap ! $310.5M | |||
| Open | High | Low | Value | Volume |
| 65.0¢ | 65.5¢ | 63.5¢ | $436.8K | 677.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 53379 | 63.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 64.5¢ | 3926 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
64.0¢ |
Change
-0.015 ( 1.72 %) |
||||
| Open | High | Low | Volume | ||
| 64.0¢ | 65.5¢ | 63.5¢ | 205960 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| NVX (ASX) Chart |