Electric cars are vehicles that are powered entirely or partially by electricity, using one or more electric motors for propulsion. They are equipped with batteries that store electrical energy, which can be recharged through various means, such as plugging into an electrical outlet or utilizing charging stations. Unlike conventional vehicles that run on internal combustion engines fueled by gasoline or diesel, electric cars produce zero tailpipe emissions, significantly reducing their environmental impact. They can operate silently and offer instant torque and smooth acceleration. Electric cars can be categorized as fully electric (battery electric vehicles or BEVs), which rely solely on battery power, or plug-in hybrid electric vehicles (PHEVs), which combine an internal combustion engine with an electric motor. The rise in popularity of electric cars is driven by advancements in battery technology, concerns over air quality and climate change, and government incentives promoting sustainable transportation.
Tesla's stock is facing significant volatility, currently the top decliner among S&P 500 companies. Donald Trump boosted Tesla's stock by 3.8% after his public endorsement through purchasing a new Tesla…