The most well-known electric vehicle (EV) stock in the world has to be Tesla Inc. He worries that due to intense competition, Tesla could simply become just another albeit established EV company, among many other EV firms. No doubt, all this EV euphoria might be influencing some investors and companies to jump on the EV bandwagon. In Malaysia, a number of listed companies have announced their EV plans. Nevertheless, Yong notes that many EV startups have yet to be profitable and will likely face stiff competition when established automakers increase their EV production volumes.

Source: The Star November 05, 2022 19:48 UTC