20 days ago • Posted by William Ramstein

Automakers catching up to EV leader Tesla

Among the best performers, shares of GM, Ford and Volkswagen have gained at least 35% since the start of the year, while Tesla has retreated 5.4%. The last time Tesla underperformed Detroit automakers was in 2019 when sentiment was suffering after an ugly first-quarter result. That was also the last time Tesla underperformed the Stoxx 600 Automobiles & Parts index, which gained 19% this quarter.

Source: Bloomberg