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, the next tesla stock, as it revolutionizes not only the automobile industry but also the energy industry. And how do you identify that 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.

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.

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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.

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. Even Tesla itself looked questionable in the early s.

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.

Another word for sped

Visit our Community Guidelines for more information and details on how to adjust your email settings. Most Popular. Story continues. Both Rivian and Lucid are now worth a fraction of the prices they fetched at their public-market debuts in All it took was a fresh dose of reality from the two companies last week around cooling demand for EVs. Notice for the Postmedia Network. We understand your email address is private. Do you have a stock in your portfolio that you think could become the next Tesla? The company is also looking to open a plant in Mexico as part of its global push. Read more about cookies here. 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. Now, investors have all but thrown in the towel on the shares. It opened plants in Thailand and announced plans to build a production facility in Hungary.

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.

We encountered an issue signing you up. Meanwhile, the outlook for EVs broadly just keeps getting worse. Global sales of EVs are estimated to grow 20 per cent this year, to about We ask you to keep your comments relevant and respectful. The answer goes well beyond investment returns. The company has the potential to revolutionize an important part of that market. This website uses cookies to personalize your content including ads , and allows us to analyze our traffic. Diane Francis: Trudeau sits idly by as Mexico overtakes us as America's largest trading partner. It opened plants in Thailand and announced plans to build a production facility in Hungary. On the date of publication, Ian Cooper did not hold either directly or indirectly any positions in the securities mentioned. Sign up for free. Premium Advisories. The company expects to expand in three new markets across Europe this year. Advertisement 2. Read more: Apple buying Rivian?