Research has revealed that markets evolve in a highly predictable fashion, governed by the "Rule of Three." Name any industry, and more likely than not you will find that the three strongest, most efficient companies control 70 to 90 percent of the market.
When electric vehicles become the most popular concept in the market, investors eyeing the EV space may have a sense of déjà vu.
$Tesla (TSLA.US)$ , $Rivian Automotive (RIVN.US)$ , and $Lucid Group (LCID.US)$ are the top three names on the EV market cap list.
They are currently the "EV Big Three."
Here comes their market cap:
Tesla $1.017 T
Rivian $131.94 B
Lucid $71.80 B
Do you think they can maintain their advantages and stay at the top? Or other competitors like $NIO Inc (NIO.US)$, $XPeng (XPEV.US)$ will manage to catch up soon?
Vote and comment tell about your thoughts!
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$Microvision (MVIS.US)$ You guys should sell... its alr over priced at $24-25.