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As Tesla enters the S&P 500 index next week with a market capitalization of around $600 billion, investors are starting to speculate on which firm will be the next big winner in the electric vehicle revolution. Since the announcement of Tesla joining the index on November 16, the share price has risen around 50%. Electric vehicle stocks have surged in recent months. American truck company Nikola went public in June through a special acquisition company ( SPAC ). The stock price tripled within a few days, but most recently dropped 50% below IPO price following a short seller s allegations and a number of controversies. Nio, a Chinese electric vehicle company, stock surged over 1000% as investors searched for the next top electric vehicle startup. 

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