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Electric Vehicle Stocks To Follow Today - October 23rd

Tesla logo with Auto/Tires/Trucks background

Key Points

  • Tesla, QuantumScape, Rivian Automotive, NIO, and Lucid Group are currently the top electric vehicle stocks to watch, with high trading volumes reflecting investor interest.
  • Investing in electric vehicle stocks offers direct exposure to the growing EV market but comes with increased volatility and sector-specific risks.
  • These companies engage in various segments such as manufacturing electric vehicles, battery systems, and providing charging solutions, highlighting their diverse roles within the EV ecosystem.
  • Interested in Tesla? Here are five stocks we like better.

Tesla, QuantumScape, Rivian Automotive, NIO, and Lucid Group are the five Electric Vehicle stocks to watch today, according to MarketBeat's stock screener tool. Electric vehicle stocks are shares of publicly traded companies whose core business is designing, manufacturing, supplying components for, or supporting the infrastructure of electric vehicles (including automakers, battery producers, and charging-network firms). For investors, they offer direct exposure to the expected growth in EV adoption but typically carry heightened volatility and industry-specific risks such as technology shifts, regulatory changes, and supply-chain or commodity-price fluctuations. These companies had the highest dollar trading volume of any Electric Vehicle stocks within the last several days.

Tesla (TSLA)

Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.

Read Our Latest Research Report on TSLA

QuantumScape (QS)

QuantumScape Corporation, a research and development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.

Read Our Latest Research Report on QS

Rivian Automotive (RIVN)

Rivian Automotive, Inc., together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name.

Read Our Latest Research Report on RIVN

NIO (NIO)

NIO Inc. designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.

Read Our Latest Research Report on NIO

Lucid Group (LCID)

Lucid Group, Inc. a technology company, designs, engineers, manufactures, and sells electric vehicles (EV), EV powertrains, and battery systems. It also designs and develops proprietary software in-house for Lucid vehicles. The company sells vehicles directly to consumers through its retail sales network and direct online sales, including Lucid Financial Services.

Read Our Latest Research Report on LCID

See Also

Should You Invest $1,000 in Tesla Right Now?

Before you consider Tesla, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tesla wasn't on the list.

While Tesla currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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