The next tesla stock

EV stocks have been struggling thanks in large part to high interest rates.

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.

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.

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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.

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.

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Here are some of the top electric vehicle stocks set to accelerate in Visit our Community Guidelines for more information and details on how to adjust your email settings. Crude Oil Try refreshing your browser, or tap here to see other videos from our team. The nuclear power industry is rapidly changing, with a new generation of advanced reactors under development. We apologize, but this video has failed to load. Forgot Password? Discover hot stocks and investing tips from Cabot analysts in our free Cabot Wealth Daily newsletter delivered right to your inbox. All it took was a fresh dose of reality from the two companies last week around cooling demand for EVs. Shares of Irvine, Calif. FTSE 7, Latest Stock News. Search financialpost. That includes:. Home Page.

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.

Ian Cooper, a contributor to InvestorPlace. 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. Gold 2, 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. Your Email. LG Energy buoyant about battery future despite EV demand slowdown. The company expects to expand in three new markets across Europe this year. This advertisement has not loaded yet, but your article continues below. The nuclear power industry is rapidly changing, with a new generation of advanced reactors under development. Now she works at Cisco.