The next tesla stock

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

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 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.

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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.

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.

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.

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Ian Cooper, a contributor to InvestorPlace. The post The Next Tesla? On the date of publication, Ian Cooper did not hold either directly or indirectly any positions in the securities mentioned. 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. Comments may take up to an hour for moderation before appearing on the site. Chris Preston. Latest Stock News. That includes:. Robertson , Erik Verduzco , and others. For investors, the sense of gloom has been building since October , when Tesla Inc. Gold 2, BY Esha Day and Bloomberg. Source: J. The stock is NOT loved by most investors today. 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.

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?

Your Email. It opened plants in Thailand and announced plans to build a production facility in Hungary. Read Next. Vix The company has the potential to make a large profit in the process. The post The Next Tesla? Log out. Try refreshing your browser, or tap here to see other videos from our team. Chinese-made cranes used at Canadian ports flagged as security concern by U. We apologize, but this video has failed to load. LG Energy buoyant about battery future despite EV demand slowdown. Advertisement 4.