The next tesla stock

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.

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.

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. It also announced plans to shrink its workforce again. For investors, the sense of gloom has been building since October, when Tesla Inc. Though shares of the EV giant have fared poorly since then, losing around 20 per cent and massively underperforming the broader market, the impact on smaller rivals such as Rivian and Lucid has been nothing short of disastrous. Shares of Irvine, Calif. Newark, Calif. Canada's best source for investing news, analysis and insight. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Investor will soon be in your inbox. We encountered an issue signing you up. Please try again.

Ian Cooper, a contributor to InvestorPlace.

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.

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.

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Read full article. Story continues. And the less it is loved, the better! Nasdaq Futures 18, The company expects to expand in three new markets across Europe this year. 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. There was an error, please provide a valid email address. Both Rivian and Lucid are now worth a fraction of the prices they fetched at their public-market debuts in Overall, the biggest concern is that these cash-burning, unprofitable companies will struggle to sell cars at a time when even industry-leader Tesla — by far the biggest seller in the US market — is cutting prices to boost demand. LG Energy buoyant about battery future despite EV demand slowdown. Cumulative deliveries jumped to , at the close of January.

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.

Now investors have all but thrown in the towel on the shares. Russell Futures 2, On the date of publication, Ian Cooper did not hold either directly or indirectly any positions in the securities mentioned. Discover hot stocks and investing tips from Cabot analysts in our free Cabot Wealth Daily newsletter delivered right to your inbox. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. We ask you to keep your comments relevant and respectful. We understand your email address is private. 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 this week around cooling demand for EVs. Bitcoin USD 71, Read Next. The next issue of Investor will soon be in your inbox.