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Top Automotive Stocks To Keep An Eye On - September 3rd

Tesla logo with Auto/Tires/Trucks background

Key Points

  • Tesla, NVIDIA, and Salesforce are highlighted as top automotive stocks to watch, reflecting significant trading activity in the automotive industry.
  • Tesla specializes in electric vehicles and energy systems, while NVIDIA offers automotive platforms and solutions for infotainment systems.
  • Salesforce provides technology that enhances customer relationship management for companies globally, connecting them more effectively with their customers.
  • MarketBeat previews the top five stocks to own by October 1st.

Tesla, NVIDIA, and Salesforce are the three Automotive stocks to watch today, according to MarketBeat's stock screener tool. Automotive stocks are shares of publicly traded companies whose primary business is designing, manufacturing, distributing or servicing motor vehicles and related components. By buying these stocks, investors gain exposure to the automotive industry’s growth, profitability and innovation cycle. Their market value typically reflects factors such as consumer demand for new vehicles, technological shifts (for example toward electric or autonomous cars), regulatory changes and supply-chain dynamics. These companies had the highest dollar trading volume of any Automotive 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

NVIDIA (NVDA)

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

Read Our Latest Research Report on NVDA

Salesforce (CRM)

Salesforce, Inc. provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.

Read Our Latest Research Report on CRM

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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