Want a Tesla alternative? Analysts and fund managers reveal their top EV stocks

Once an investor favorite to play the electric vehicle boom, Elon Musk's Tesla has had a tough time of it of late. Just 15 months ago, Tesla joined the exclusive trillion-dollar market cap club . Now, a precipitous plunge in its share price in 2022 puts its value well under $400 billion. At the end of last week, the EV maker cut prices in the U.S. and throughout Europe in what's being viewed as an effort to boost sales volumes.

Deutsche sees Nio's product plans and brand reach as undervalued given the depressed value of the stock. Nio shares ended Friday at $11.81, down over 60% over the last year. Meanwhile, Warren Buffett-backed BYD and Li Auto are Jefferies ' top picks among the Chinese automakers. "BYD will be the clear price maker in the sweet spot mass market and a pioneer exporter in Europe in 2023.

No I don’t! I’m happy with my Tesla 🦾 stop trying to sabotage Elon 🤡🤡🤡

$xos trucks

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Top Wall Street analysts like these stocks amid easing inflationTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Alphabet & Intuitive Surgical AndrewDudum Good job! AndrewDudum Congrats AndrewDudum all the hard work yourself and the team have put in to growing the company & fulfilling your vision, is finally starting to get the recognition it deserves Heads down as we navigate the economic headwinds ahead $HIMS
Source: CNBC - 🏆 12. / 72 Read more »

Wall Street's favorite retail stocks include Amazon and this little-known shoe companyThese are analysts favorite retails stocks with more than 30% upside potential. IRGCterrorists
Source: CNBC - 🏆 12. / 72 Read more »

These tactical trades are some of Goldman's favorite ways to play earnings seasonThere are individual stocks where Goldman analysts feel especially confident going into fourth quarter results.
Source: CNBC - 🏆 12. / 72 Read more »