Is Kandi Technolgies Corp. (KNDI) The New Tesla Motors Inc (TSLA)?

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GM is actually one of the lucky ones. Fisker Automotive is teetering on bankruptcy.

There may very well be some legitimate reasons to buy Kandi Technolgies Corp. (NASDAQ:KNDI), especially for its growing and profitable business that is currently in place. However, there are so many things that would have to go right for Kandi Technolgies Corp. (NASDAQ:KNDI) with this new electric sedan to truly earn the “Tesla of China” crown that it’s little more than a dangerous speculation until the fervor settles down.

The article Is This the New Tesla? originally appeared on Fool.com.

Longtime Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends General Motors and Tesla Motors. The Motley Fool owns shares of Tesla Motors.

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