Tesla Inc. TSLA, +7.09% has delivered a stunning stock-market performance, even with this month’s plunge, while many other electric vehicle makers have gone public and many more are planning to do so. Meanwhile, large, traditional auto makers are getting ready to bring scores of new models to the market — real electric vehicles , not simply those designed for gasoline engines that have electric motors shoved into them.
Illustrating just how dynamic this market is, on Sept. 8, the same day Tesla’s shares plunged 21%, shares of Nikola shot up 41% after General Motors Co. GM, -0.88% agreed to invest $2 billion in newly issued shares of the pre-revenue electric-truck maker. GM’s shares rose 8% on the news. • XPeng’s XPEV, +1.66% IPO price was $15 a share. When the stocks started trading on Aug. 31, it climbed as high as $22.79. It closed at $17.73 on Sept. 8.
Several of the pre-revenue companies have been brought to market through special purpose acquisition corporations, known as SPACs, or blank-check company.• Fisker, which will merge with Spartan Energy Acquisition Corp. SPAQ, +4.15%, a SPAC with backing from Apollo Global Management Inc. APO, +1.79%.
He also said that Nio’s battery-swapping network not only makes it easier for a customer on a long trip to quickly switch to a new battery and move on, it can enable the customer to switch battery sizes without buying a new car. These may be excellent selling points even over Tesla. The stocks have been under pressure this year because of volume declines at major traditional manufacturers given the Covid-19 crisis, he said.
Even though shares of EV makers have performed so well, investors are underestimating the potential size of the EV market, he said. Despite a global decline in EV sales in 2019 and during the first quarter of 2020, sales in Europe continued to rise rapidly, according to this McKinsey report.
$HTSC, a great way to play the EV market. They own a Nickel property in Timmins Ontario Canada. This property is exactly what $TSLA needs to go right to the top of the supply chain. Last trade .08. Was .17 last week. $HTSC Strong Buy! $ROKU $MARA $RIOT $AMZN $BA $GE $T $GM $GRNF
Model 3 small enough and convenience. Good to have.
If elonmusk (or any car manufacturer) were actually smart he'd made an electric car that sells for $8500.
Nice info
Wait till this madness ends. Nothing lasts at 1000 PE. Nothing. If it does improve sales and profits in the future it will still not stabilize at 1000 PE. If earnings increase 10 times and it trades at 100 PE (still very high) it will still trade at same price. So, wait! TSLA
Arcimoto (FUV)
If you think Tesla is too expensive now, just wait 3 years and you’ll really be sorry you didn’t invest.
$HTSC, Their wholly owned subsidiary Fortune Nickel and Gold Inc. owns a Nickel property. Nickel is going to be responsible for up to 80% of the weight of the battery pack and responsible for charging the $TSLA for more hours. $HTSC is just starting to move. Last trade .12. $AMD
I want a Tesla delivered by Elon Musk personally. Then I want my own commercial where I boast all its advantages and I dont want any pay for the commercial. People will line up for them.
Way way too expensive!
We now have another one in the neighborhood. So there's two. They cost more than the houses here.
Use Brokers that support fractional shares, invest in leaders, not followers. You're welcome.
Nkla😂😂😂😂😂😂😂
this country has 265,000,000 cars that run on oil. this country has less than 1,800,000 that run on electricity. game. set. match.
Well shorting it is an investment, maybe not what TSLA likes but an overrated ugly car without any solid profit, just saying
$NIO
$SPAQ will be $40+
$SPAQ
Where do the dead batteries end up?
We don’t invest in EV cars which contain battery material that comes from child labor in the Congo. The whole EV battery industry is evil.
Just get an ETF like DRIV. You’ll get some Tesla exposure, but balance it with other players.
Move over $TSLA, yah boy (henrikfisker) has created the most “sustainable vehicle” known to man. Better wear some goggles because the $SPAQ ATTACK is coming your way!! 🚙⚡️
$NIO
jorgeirigoyen_ aca tenes.
And what about a direct play on EV charging infrastructure: Fastned (AMS: FAST )
what about the upcoming surge in demand for battery materials (nickel, copper, graphite)? Talk about upside.....syraf (graphite), tgb (copper), psdnf (soon-to-be producing nickel)
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