These electric car startups are looking to take on Tesla

Tesla shares have risen by more than 500% in the past 12 months, and as the ticket to ride the erstwhile rocket ship gets ever-pricier, interest is surging in new competitors that might be “the next Tesla.”

There’s not only Nikola (which took the other half of inventor Nikola Tesla’s name), which briefly overtook Ford in terms of market value, despite never having produced a vehicle for sale. But there’s also Rivian, Fisker, Byton, Faraday Future, and a whole lot more. Some are more established than others and some are further along in their product cycles.