Skip to main content

7 Electric Vehicle (EV) Stocks That Are Ready to Rebound in 2021 - 1 of 7

 
#1 - Tesla (NASDAQ:TSLA)

Tesla logo

No list like this would be complete, or accurate, without including Tesla (NASDAQ: TSLA). The top three EVs sold in the United States last year were all from Tesla. The Tesla Model 3 sold 38,000 vehicles. The Tesla Model Y and Model X sold 18,000 and 9,000 vehicles respectively. Tesla also benefits from having approximately 5,500 Tesla charging stations around the nation.

That’s just the United States. Tesla also doubled its sales in China to $6.6 billion. That represents about 20% of Tesla’s 2020 revenue.

Still, Tesla stock is down approximately 12% in 2021. I guess you can chalk this up to all good things coming to an end. It has to give the Tesla bears some satisfaction. Even if their bearish takes (of which I had one or two) are like a broken clock; at least this is one of those times.

But the current downturn in Tesla stock really appears to be more of EV fatigue (and maybe a little bit of the company’s Bitcoin decision) rather than a lack of belief in the company. That’s not likely to last long.

About Tesla
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. Read More 

Current Price: $576.83
Consensus Rating: Hold
Ratings Breakdown: 12 Buy Ratings, 11 Hold Ratings, 11 Sell Ratings.
Consensus Price Target: $411.09 (28.7% Downside)





MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.