As Tesla stock falters, U.S.-listed shares of these two Chinese EV makers are on the rise. Heres why

Nio and XPeng, both small in comparison to Elon Musks trillion-dollar juggernaut, have seen their share prices increase by double digits this year. Its no secret that Tesla stock (Nasdaq: TSLA) has had a horrible 2025. After ending 2024 with a bang, the electric vehicle makers shares declined rapidly as competition increased, CEO Elon Musks involvement in politics turned off many of Teslas liberal customers, and President Donald Trumps tariffs sank global markets.