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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)

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