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.

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

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 return on this one might be pretty mild in a year. So, if the top risks to the world right now are climate change and geopolitical conflict, the growth of nuclear energy in both America and China is essential. It supplies nuclear fuel and services for the nuclear power industry in the United States, Japan, Belgium and several other countries. The nuclear power industry is rapidly changing, with a new generation of advanced reactors under development. Drawing on decades of experience, Centrus can help with the design and manufacture of critical components as well as the design and licensing of facilities to produce new fuels. Do you have a stock in your portfolio that you think could become the next Tesla? Tell us about it in the comments. Chat with us.

Now investors have all but thrown in the towel on the shares.

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. 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.

The next tesla stock

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.

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Presented by Beneva. Advertisement 2. Free Resources. Vix That includes:. Dow Futures 38, Beneva Beneva. The company has the potential to revolutionize an important part of that market. Comments may take up to an hour for moderation before appearing on the site. 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. Rivian, which makes electric pickups, SUVs and delivery vans and counts Amazon. This website uses cookies to personalize your content including ads , and allows us to analyze our traffic. Commentary - A. A welcome email is on its way. We encountered an issue signing you up.

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.

It opened plants in Thailand and announced plans to build a production facility in Hungary. However, while Tesla is struggling, there are other EV stocks you may not want to ignore at the moment. Nikkei 38, Shares of Irvine, Calif. Streaming giant might have outwitted Apple with David vs Goliath play, and you only need to look at their share prices for proof BY Ryan Hogg. There was an error, please provide a valid email address. Crude Oil 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. We encountered an issue signing you up. Automotive , Consumer Discretionary , Electric Vehicles. EV stocks have been struggling thanks in large part to high interest rates. The stock has positive momentum.