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    Is Nio Better Than Tesla?

    Jul 20,2022 | Chloe Lacour

    In the world of electric cars, Tesla is king, at least for now. In recent years, many Chinese electric car startups have started to give Tesla serious competition, and it seems like Nio will be the first Chinese electric car brand to challenge Tesla in a head-to-head matchup.

    Tesla is still the most valuable and popular electric car company, but Nio has managed to become the more successful company in China, which is by far the largest electric car market. Nio, Xpeng, Li, Airways, and many other brands launch new models almost every day, but is No better than Tesla?

    Indeed, Nio is better in some aspects, but not in all. Tesla remains the global leader in electric cars and is by far the better choice for investors. No one knows if that will ever change, but Tesla certainly won't give up without a fight.

    In this article, we will compare the two companies and find out which company makes the better cars. We'll also lay out why you should choose either company and how this comparison is likely to play out in the future.

    Tesla – The EV pioneer

    Since Tesla introduced the Model S, the company's market position has been turbulent but successful. The first car Tesla ever offered was the Tesla Roadster, which wasn't really suitable for most people. It was only after Tesla launched the Model 3 that the company reached its current high.

    The Model 3 is the best Tesla car you can buy right now, with more than a million vehicles sold worldwide. For around $45,000, the Model 3 comes with a 50kWh battery that offers a range of around 263 miles and takes full advantage of Tesla's proprietary Supercharger network. The top-of-the-range Model 3 with 80 kWh and a range of 350 miles costs around $60,000.

    Tesla's design is fluid, but a little lifeless. While you can tell it's a Tesla, not many people are drawn to the vehicle's looks. The interior is minimalist and refreshing, but not everyone will get used to the lack of an instrument cluster.

    All in all, Tesla offers a premium brand name, incredible technology, and design features, and a really good performance model.

    Nio - The new kid on the block

    Nio is the leading Chinese electric car company that wants to take customers away from Tesla. The upcoming Nio ET5 is probably Nio's best car and a direct competitor for the Tesla Model 3. Pricing for the ET5 starts at $51,000, which is a significant step up from the Tesla Model 3, but the ET5 offers either a 75- kWh, a 100kWh, or even a 150kWh battery with a maximum theoretical range of 600 miles.

    While the Nio ET5 looks good, it's no prettier than the Model 3. The interior of the Nio ET5 thankfully features an instrument cluster, but the overall look is very similar to the Model 3. Nio doesn't benefit from a proprietary charging network, but it does offer something potentially even better: swappable batteries.

    Nio thinks that charging large EV batteries takes too long, so long that it's one of the main reasons people don't like EVs that much.

    It's safe to say that Nio is on track to become one of the top EV brands in the world, but Tesla is still at the top as it makes more sense to buy, sell and buy almost every Tesla model than a Nio. The Nio ET5 looks good, but it's no prettier than the Model 3. The interior of the Nio ET5 thankfully features an instrument cluster, but the overall feel is very similar to the Model 3. Nio doesn't benefit from a proprietary charging network, but it does offer something potentially even better: swappable batteries.

    Nio thinks that charging large EV batteries takes too long, so long that it's one of the main reasons people don't like EVs that much.

    It's safe to say that Nio is on track to become one of the top EV brands in the world, but Tesla is still at the top as it makes more sense to buy, sell and buy almost every Tesla model possess than a Nio.

    Conclusion – Tesla is still better

    The Tesla brand name is synonymous with electric cars, while Nio is still a mystery to most people. Sure, Nio sells better in China, but Tesla is still preferred in all other overseas markets. The idea of ​​swappable batteries sounds great in theory, but it's not easy to achieve in practice.

    For example, the current 100kWh Nio ES8 can be charged from 0% to 100% in around 44 minutes using a fast DC charger. On the other hand, the Tesla V3 Supercharger can charge a fully discharged 100kWh Tesla Model S in about 30-25 minutes, which is indeed better.

    All in all, a Tesla car is a safer investment than a Nio and likely will remain so in the future. Owning a Tesla is still much easier for most people. So Nio makes great cars, but Tesla is still the king.

    FAQ section

    Is the Tesla company worth more than Nio?

    Yes, Tesla is the most valuable auto company by a wide margin. Tesla stock's sales multiple ratios are 10.1x, while Nio stock's sales multiple ratios are 3.4x. Tesla's market cap is more than $1 trillion, while Nio's market cap is less than $30 billion, which is a big difference.

    Chances are that Nio will continue to rise over time, but few believe that Nio will get close to Tesla anytime soon. Tesla will always be the one who started it all, and that's why Tesla will likely remain #1 for investors.

    Who makes safer cars - Tesla or Nio?

    According to most online sources, Tesla is better than Nio when it comes to building safe, top-of-the-line cars. However, the crash test of the Nio EC6 showed that the EC6 performs better than the Model 3. Some say that comparing the two is not fair because the EC6 is a more expensive car.

    Anyhow, it's safe to say that both Tesla and Nio build safe cars and there's no reason not to consider either of them due to safety concerns.

    Who builds the more reliable cars - Tesla or Nio?

    Comparing Tesla and Nio in terms of reliability is incredibly difficult as Nio is just starting to offer more cars while almost all of Tesla's mainstream models have been around for a while. Earlier Tesla models weren't nearly as reliable as today's Tesla vehicles.

    Judging by the first reports, Nio also makes really high-quality vehicles. China isn't necessarily a country known for producing quality products, but Nio has managed to change that. Niober is probably the more reliable brand and it's too early to say for sure.

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