Xpeng Motors Inc said Monday that it will receive $78 million in funding from the investment arm of a local Chinese government for business expansion purposes.

Overall, we might face a super-bullish stock here, which could genuinely resemble Tesla – and not only on the road.

Some analysts' notes, news and activity in the electric vehicle and clean energy space.

The plunge in the shares of Tesla Inc has extended to the fortunes of Chinese EV honchos who saw $10 billion eroded from their wealth.

The electric vehicle industry has been one of the fastest growing industries over the past year, triggering an automotive revolution. However, the industry’s momentum has been supported by optimism regarding its potential rather than its performance.