Nio Readies Its Tesla Model Y Rival

Published by
The Street

By Kirk O’Neil Tesla’s Chinese rival Nio rolls out its new mid-large SUV electric vehicle ES7. Tesla’s (TSLA) – Get Tesla Inc. Report popular Model Y SUV has been a successful seller for the leading electric vehicle maker, as the vehicle along with the Model 3, have represented 95% of the company’s production and deliveries in the first quarter The Model Y SUV is so popular that days after it introduced the EV to the Australian market on June 10 it had to push back delivery dates for the vehicle, which retails in the U.S. starting at $54,440, from August through November 2022 to February 2023 …

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