Nio is giving Tesla a run for its money, outselling the US EV giant in China. In a head-to-head competition, the Chinese start-up competes with the California tech giant on the cost front, with a starting price of $65,000 for the ES8 vs $100,000 for a basic Model X. Yes, the X's falcon-wing doors look fancy, but Nio's battery swapping option is also compelling. Photo shows Tesla CEO Elon Musk (left), with an estimated net worth of $190 billion. Nio CEO William Li has an estimated net worth to be $7.11 billion as of June 2021, according to Bloomberg.
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