The next tesla stock

Now, investors have all but thrown in the towel on the shares. All it took was a fresh dose of reality from the two companies last week around cooling demand for EVs. Rivian, which makes electric pickups, SUVs and delivery vans and counts Amazon.

EV stocks have been struggling thanks in large part to high interest rates. However, while Tesla is struggling, there are other EV stocks you may not want to ignore at the moment. That includes:. Just in January, the company delivered 31, EVs , which is a Cumulative deliveries of LI vehicles are also up to , at the close of January, with a good deal of upside remaining. The company expects to expand in three new markets across Europe this year.

The next tesla stock

EV stocks have been struggling thanks in large part to high interest rates. However, while Tesla is struggling, there are other EV stocks you may not want to ignore at the moment. That includes:. Just in January, the company delivered 31, EVs , which is a Cumulative deliveries of LI vehicles are also up to , at the close of January, with a good deal of upside remaining. The company expects to expand in three new markets across Europe this year. As noted by Electrek. Helping, the company sold about 3. The company sold , fully electric vehicles in Q4, with EV and hybrid sales totaling , in December, including , all-electric cars, driven by aggressive end-of-year discounting. The company is also looking to open a plant in Mexico as part of its global push. It opened plants in Thailand and announced plans to build a production facility in Hungary.

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Long term, I think investors with large unrealized capital gains in Tesla TSLA should continue to hold the stock, simply because prospects for the company are still bright, as it revolutionizes not only the automobile industry but also the energy industry. And how do you identify that stock? Despite such rampant growth, BYD stock trades at a reasonable 20 times forward earnings estimates, with a price to sales ratio of 1. But eventually — it will come. So it makes sense to take a flyer on that kind of growth at such depressed levels.

By that, I mean earning a million dollars by investing in electric vehicles. Just invest in a basket of mega-cap electric vehicle EV companies and wait long enough for compound interest to take over. So, where can we find these Moonshots? Fortunately, the electric vehicle craze spawned a plethora of both great and terrible Moonshot bets. And with some luck, the next millionaire-makers might be hiding among the tiny startups of the electric vehicle world. Oil hit a six-year high this week, a fact American motorists undoubtedly experienced at the pump last weekend. And that means incredible growth potential. If America starts tracking the rest of the world in EV adoption, demand could triple in three years.

The next tesla stock

Tesla has been a clear leader in the space but has operated mainly without competition. However, in the past few years, we have seen multiple EV stocks emerge, which have the potential to perform better than the EV pioneer. The Nasdaq is languishing in the bear-market territory, and most of the tech and growth names over the past several years have been hit incredibly hard. EV stocks seem to be no exception, as the entire sector has lagged, and investors have rotated out of growth names into value stocks. Nevertheless, the EV market is expected to grow at an incredible Therefore, EV stocks remain great long-term bets, and investors must look past the short-term volatility. Its growth story is far from over, though, with it just getting started in its expansion in international markets, including South East Asia and Europe. It expects to sell 1. Consequently, LI stock price has plummeted to multi-year lows. Though its near-term outlook is a concern, its long-term case remains intact.

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About Us. Newark, Calif. What will your income be in retirement? The post The Next Tesla? Notice for the Postmedia Network. Plus, it has plans to build a plant in Brazil and is now selling EVs in Indonesia. Sign up for free. Posthaste: Canada's housing market 'recovery' gets a reality check. Just in January, the company delivered 31, EVs , which is a Email LinkedIn Twitter Print. Nissan with Fisker? The stock is NOT loved by most investors today. The company is also looking to open a plant in Mexico as part of its global push.

Long term, I think investors with large unrealized capital gains in Tesla TSLA should continue to hold the stock, simply because prospects for the company are still bright, as it revolutionizes not only the automobile industry but also the energy industry.

The return on this one might be pretty mild in a year. Search Query Submit Search. Read more: Apple buying Rivian? The company sold , fully electric vehicles in Q4, with EV and hybrid sales totaling , in December, including , all-electric cars, driven by aggressive end-of-year discounting. That includes:. Canada's best source for investing news, analysis and insight. Search financialpost. Ian Cooper. We understand your email address is private. Nasdaq Futures 18, It opened plants in Thailand and announced plans to build a production facility in Hungary. Vix Sign in. The company expects to expand in three new markets across Europe this year.