DEVICENEXT
Auto Tech

Anything EV and EV Related Is Golden Right Now

Elon Musk is now the richest person in the world–richer than Bezos. And Tesla (TSLA) has gained over 700% in a year, while Chinese Nio (NIO) has soared over 1,300% …Anyone who didn’t get in on those before they were hot shots missed the really big upside … and even diehard Tesla bulls can’t grasp that sky-high valuation …And there are other EV and EV-related stocks that are just growing their legs and have tons of room to run.

 Anything EV and EV Related Is Golden Right Now

Yes, EVs are golden …. A Biden election win and a global push hastened further by a crippling pandemic seal the deal on a $40-trillion energy transition of which transportation will be the Holy Grail. And while Tesla may continue to surprise us–and the markets, and all the bears and short-sellers who lost $40 billion betting against the EV king in 2020, it’s time to look for the next EV upstart.

Fisker, for one, has all the makings of a Tesla type EV maker: It’s got a new idea in the right lane and a legend behind the wheel in the form of Henrik Fisker. And it’s not just another EV SUV–it’s a vehicle made partly with recyclable parts, a fact bound to ring loudly with all that environmental and social impact money floating around out there dying for someplace to call home. And dying for the next success like Tesla.

The only caveat–which is exactly what makes this a great time to get in early–is that Fisker isn’t going to start producing its famed Ocean SUV until 2023, with significant revenues coming in from advance orders not expected until late 2021. That gives Wall Street cold feet … or impatience. But the bearishness on Fisker reminds us an awful lot of the prior relentless bearishness on Tesla.

Facedrive–one of the most fascinating companies to come out of Canada’s ‘Silicon Valley’–is another front-runner for future EV related success. While analysts love the flagship carbon-offset ride-sharing and food delivery side of this multi-vertical tech-driven business, analysts are even more excited about their most recent acquisition of Steer.

Just a year ago, no one could have imagined how successful the NIO Limited (NIO) was going to be. In fact, many shareholders were ready to write off their losses and give up on the company. But China’s answer to Tesla’s dominance powered on, eclipsed  estimates, and most importantly, kept its balance sheet in line. And it’s paid off. In a big way. The company has seen its share price soar from $3.24 at the start of 2020 to a high of $61 this month, representing a massive 1600% returns for investors who held strong.

In November, NIO unveiled a pair of vehicles that would make even the biggest Tesla devotees truly contemplate their brand loyalty. The vehicles, meant to compete with Tesla’s Model 3, could be exactly what the company needs to take control of its domestic market.

Li Automotive (LI) is the newest Chinese electric vehicle darling. Founded just five years ago by Li Xiang, and backed by domestic investment giants giants Meituan and Bytedance, Li has taken a different approach to the electric vehicle market. Li specializes in plug-in hybrid vehicle. This means it can be powered by electricity or gasoline, or a mixture of both, giving customers a wider array of fueling options compared to its competitors. Its fashionable crossover SUV has been a hit in China, and thanks to its success, its garnered a lot of investor interest.

Related posts

India’s Fastest Electric Bikes KM3000 & KM4000

devicenext

QAD and Quistem Help Automotive Customers with Operational Restart Readiness Checklist Amid COVID-19 Pandemic

devicenext

Hyundai Reveals IONIQ 5’s Living Space

devicenext

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

error: Content is protected !!