The next tesla stock

Long term, The next tesla stock 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?

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

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. Helping, the company sold about 3. 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. The company is also looking to open a plant in Mexico as part of its global push. It opened plants in Thailand and announced plans to build a production facility in Hungary. Plus, it has plans to build a plant in Brazil and is now selling EVs in Indonesia.

The company has the potential to revolutionize an important part of that market.

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?

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.

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.

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Advertisement 4. Try refreshing your browser, or tap here to see other videos from our team. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Premium Memberships. Advertisement 3. Nissan with Fisker? We encountered an issue signing you up. Visit our Community Guidelines for more information and details on how to adjust your email settings. All it took was a fresh dose of reality from the two companies this week around cooling demand for EVs. Meanwhile, the outlook for EVs broadly just keeps getting worse.

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.

The opinions expressed in this article are those of the writer, subject to the InvestorPlace. Silver Rivian, which makes electric pickups, SUVs and delivery vans and counts Amazon. 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. For investors, the sense of gloom has been building since October, when Tesla Inc. Commentary - A. Log in. 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. All it took was a fresh dose of reality from the two companies last week around cooling demand for EVs. Source: J. Latest Stock News. Read more about cookies here. The nuclear power industry is rapidly changing, with a new generation of advanced reactors under development.