Mercedes is going head to head with Tesla. Shares of China’sNio,

• Shares of Nio, China’s rival to Tesla founded just four years ago, surged by over 75 percent in its second day of trading on the New York Stock Exchange last week.

Mercedes is going head to head with Tesla.

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Mercedes Unveils First Tesla Rival in $12 Billion Attack
Mercedes-Benz, the world’s largest maker of luxury cars, is rolling out its first in a series of battery-powered models, adding to a growing array of high-end brands targeting Tesla Inc.