Workhorse, Faraday Future, Polestar, Tesla, Xpeng: Top 5 Auto Manufacturers in 2025
Workhorse Group Inc. gained attention recently after securing a contract to supply electric commercial trucks to state agencies in California. Despite the excitement, some investors have expressed concerns about the lack of specific details. The company has also received purchase orders in the Pacific Northwest and approval for sales in Canada, but its stock is down over 51% year-to-date.
Faraday Future Intelligent Electric Inc. announced a change in its stock ticker symbol to FFAI, reflecting its focus on AI-driven innovation. The company is making progress in developing an AI-powered mobility ecosystem and will be hosting its first ‘FF Open AI Day’ soon. However, its shares have struggled, with the stock down over 48% year-to-date.
Polestar Automotive Holding UK PLC, a Swedish EV maker backed by China’s Geely, saw increased retail interest after delaying its earnings release. While there are concerns about a loan facility, CEO Michael Lohscheller's positive commentary has boosted optimism. The company's stock has risen over 5% year-to-date.
Tesla Inc. marked its seventh consecutive weekly loss, the worst streak on record, as CEO Elon Musk's political involvement raised concerns. Despite this, analysts remain bullish on Tesla, citing advancements in AI and self-driving technology. Bloomberg reported a decrease in Tesla's market share in China, with rival BYD gaining ground.
XPeng Inc. reported a 570% year-over-year surge in Smart EV deliveries in February, with strong retail engagement. The company has seen a significant increase in deliveries and shares have surged 103% year-to-date.
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