S&P 500   3,331.80 (-0.59%)
DOW   27,382.48 (-0.73%)
QQQ   276.45 (-0.27%)
AAPL   113.92 (-0.90%)
MSFT   208.28 (-0.55%)
FB   258.62 (+0.70%)
GOOGL   1,458.26 (-0.03%)
AMZN   3,165.43 (-0.27%)
TSLA   424.60 (+0.81%)
NVDA   525.39 (+0.77%)
BABA   277.85 (+0.67%)
CGC   14.54 (+2.32%)
MU   50.52 (+1.61%)
GE   6.08 (-1.94%)
AMD   81.15 (+2.10%)
T   28.15 (-0.81%)
F   6.55 (-2.09%)
ACB   4.97 (+3.97%)
GILD   62.10 (-1.19%)
NFLX   491.18 (+0.11%)
DIS   123.81 (-1.73%)
BA   162.46 (-2.18%)
BAC   23.54 (-2.28%)
S&P 500   3,331.80 (-0.59%)
DOW   27,382.48 (-0.73%)
QQQ   276.45 (-0.27%)
AAPL   113.92 (-0.90%)
MSFT   208.28 (-0.55%)
FB   258.62 (+0.70%)
GOOGL   1,458.26 (-0.03%)
AMZN   3,165.43 (-0.27%)
TSLA   424.60 (+0.81%)
NVDA   525.39 (+0.77%)
BABA   277.85 (+0.67%)
CGC   14.54 (+2.32%)
MU   50.52 (+1.61%)
GE   6.08 (-1.94%)
AMD   81.15 (+2.10%)
T   28.15 (-0.81%)
F   6.55 (-2.09%)
ACB   4.97 (+3.97%)
GILD   62.10 (-1.19%)
NFLX   491.18 (+0.11%)
DIS   123.81 (-1.73%)
BA   162.46 (-2.18%)
BAC   23.54 (-2.28%)
S&P 500   3,331.80 (-0.59%)
DOW   27,382.48 (-0.73%)
QQQ   276.45 (-0.27%)
AAPL   113.92 (-0.90%)
MSFT   208.28 (-0.55%)
FB   258.62 (+0.70%)
GOOGL   1,458.26 (-0.03%)
AMZN   3,165.43 (-0.27%)
TSLA   424.60 (+0.81%)
NVDA   525.39 (+0.77%)
BABA   277.85 (+0.67%)
CGC   14.54 (+2.32%)
MU   50.52 (+1.61%)
GE   6.08 (-1.94%)
AMD   81.15 (+2.10%)
T   28.15 (-0.81%)
F   6.55 (-2.09%)
ACB   4.97 (+3.97%)
GILD   62.10 (-1.19%)
NFLX   491.18 (+0.11%)
DIS   123.81 (-1.73%)
BA   162.46 (-2.18%)
BAC   23.54 (-2.28%)
S&P 500   3,331.80 (-0.59%)
DOW   27,382.48 (-0.73%)
QQQ   276.45 (-0.27%)
AAPL   113.92 (-0.90%)
MSFT   208.28 (-0.55%)
FB   258.62 (+0.70%)
GOOGL   1,458.26 (-0.03%)
AMZN   3,165.43 (-0.27%)
TSLA   424.60 (+0.81%)
NVDA   525.39 (+0.77%)
BABA   277.85 (+0.67%)
CGC   14.54 (+2.32%)
MU   50.52 (+1.61%)
GE   6.08 (-1.94%)
AMD   81.15 (+2.10%)
T   28.15 (-0.81%)
F   6.55 (-2.09%)
ACB   4.97 (+3.97%)
GILD   62.10 (-1.19%)
NFLX   491.18 (+0.11%)
DIS   123.81 (-1.73%)
BA   162.46 (-2.18%)
BAC   23.54 (-2.28%)
Log in

Three Ways To Invest In EV That Aren’t Tesla

Monday, September 14, 2020 | Thomas Hughes
Three Ways To Invest In EV That Aren’t Tesla

The Electric Car Market Is Going To Be Huge

The Electric Car market is going to be huge. If even only 10% of all cars globally go EV we’re still talking about exponential growth over the coming years. Total car sales are expected to top 70 million units globally in 2020 even with the pandemic and only a fraction of those are EV.

Tesla is by far the most prominent of the EV carmakers and has a big head start but even it is not immune to competition. At today’s valuations, and after the S&P 500 snub, there is really no reason to want to buy Tesla while there are other choices patiently building their brands in preparation for the future of autos.

Simply looking at the U.S. data, there is still a lot of room for the EV market to grow. The estimated annual car sales are 12.5 to 14.5 million with only about 330,000 of those expected to be electric. That’s only 2.3% to 2.6% of the total market and Tesla is far less than 100% of the EV market. There are other good EV investments to be made.

Nikola Is The Next Tesla

Shares of Nikola (NASDAQ:NKLA) went on a wild ride last week but there is one thing clear, this company is on track to be the next Tesla. The company just inked a deal with GM that has it set up to mass-produce its vehicles within the next three years. The Badger, the company’s flagship model, is a far more attractive and useable version of a light truck than Tesla’s futuristic design and one that could take market share from the likes of Ford. One of Nikola’s many goals is to rival the F-Series for market dominance.

The opportunity for investors today is two-fold. First is the long-term opportunity in the stock. Even without last week’s volatile rideshares are cheap in light of the deal with GM. The deal with GM legitimizes what was before a small, niche operator and puts it on track exponential growth over the next five to ten years. The second opportunity is the short-selling issue. The short-sell report issued by Hindenburg has shares trading at a four-month low and near a significant support level. Three Ways To Invest In EV That Aren’t Tesla

Ambarella Is The Eyes Of EV

Ambarella (NASDAQ:AMBA) is more widely known for its contributions to GoPro’s success but that is not the end of the story. The company is a driving force in the field of computer visualization and has a healthy exposure to the EV market. The company recently released 2Q earnings results that beat consensus and driven by results in the AI/CV/EV segment. Shares of the stock appear to be putting in a bottom following some recent analysts upgrades. Ambarella is also well-positioned for the 5G revolution.

“We remain confident 10% of our total revenue will be earned from CV products in fiscal year 2021. Moreover, our automotive sales funnel is beginning to build, with more than three dozen unique automotive customers assessing and/or developing CV-based products during Q2. Our automotive wins, year-to-date, represent lifetime revenue of approximately $200 million," says Ambarella CEO Fermi Wang. Three Ways To Invest In EV That Aren’t Tesla

Nio Limited Could Be The Next Major Deal In EV

Nio Limited (NYSE:NIO) is a Chinese-based EV manufacturer with operations in China, the U.S., and the EU. The company, like most EV company’s, is a niche-operator offering a single type of vehicle, SUVs. Nio has models seating 5 to 7 people making it an attractive takeover or merger possibility for any major manufacturer looking to expand. The stock has been getting boost after boost over the past few months including upgraded sales outlook for China and globally, and bullish chatter out of the analyst’s community. According to Deutsche Bank Nio Limited is the leader of China’s fab-four EV automakers and expected to coexist with Tesla over the long-term. Three Ways To Invest In EV That Aren’t Tesla

Companies Mentioned in This Article

CompanyBeat the Market™ RankCurrent PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Tesla (TSLA)1.5$424.60+0.8%N/A1,105.73Hold$201.53
Nikola (NKLA)0.0$17.91-7.2%N/AN/AHold$37.80
Ambarella (AMBA)1.5$51.70-0.5%N/A-36.93Buy$64.00
NIO (NIO)1.3$19.72+4.8%N/A-17.30Hold$14.00
Compare These Stocks  Add These Stocks to My Watchlist 

15 Technology Stocks that Analysts Love

There are more than 1,100 technology companies traded on public markets in the United States. Given the sheer number of hardware makers, social networks, software companies, service providers and other tech stocks, it can be hard to identify which tech companies are going to outperform the market.

Fortunately, Wall Street's brightest minds have already done this for us. Every year, analyst issue approximately 15,000 distinct recommendations for technology companies. Analysts don't always get their "buy" ratings right, but it's worth taking a hard look when several analysts from different brokerages and research firm are giving "strong buy" and "buy" ratings to the same tech stock.

This slide show lists the 15 technology companies that have the highest average analyst recommendations from Wall Street's equities research analysts over the last 12 months.

View the "15 Technology Stocks that Analysts Love".

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.