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:.

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.

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 this 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. Read more: Apple buying Rivian? Nissan with Fisker? 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. Both Rivian and Lucid are now worth a fraction of the prices they fetched at their public-market debuts in Wall Street analysts are losing confidence as well. Meanwhile, the outlook for EVs broadly just keeps getting worse. Home Page. Already have an account? BY Esha Day and Bloomberg. Sign up for free.

BY Orianna Rosa Royle. Presented by Beneva. As noted by Electrek.

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.

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.

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. 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.

Lili indir apk

Advertisement 3. Silver A welcome email is on its way. Helping, the company sold about 3. It opened plants in Thailand and announced plans to build a production facility in Hungary. Search Query Submit Search. Bitcoin USD 71, Daily Stock News Growth Stocks. Meanwhile, the outlook for EVs broadly just keeps getting worse. Premium Memberships.

By that, I mean earning a million dollars by investing in electric vehicles.

Rivian, which makes electric pickups, SUVs and delivery vans and counts Amazon. BY Esha Day and Bloomberg. Your Email. We apologize, but this video has failed to load. Read more about cookies here. CMC Crypto A welcome email is on its way. Meanwhile, the outlook for EVs broadly just keeps getting worse. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Discover hot stocks and investing tips from Cabot analysts in our free Cabot Wealth Daily newsletter delivered right to your inbox. Visit our Community Guidelines for more information and details on how to adjust your email settings. Rivian, which makes electric pickups, SUVs and delivery vans and counts Amazon. This Week in Flyers. Story continues.