Read more: Elon Musk's move to Texas is a publicity stunt that reveals how Tesla is maturing as an automaker The interior features a 17" cinematic display in the front with "2200x1300 resolution, ultra bright, true colors, exceptional responsiveness and left-right tilt." Passengers can game from any seat with the help of wireless controller compatibility and a backseat display. Among the changes to the models are a new powertrain, exterior updates, and an entirely new interior. Meanwhile, Investopedia recently called Workhorse one of the “fastest growing electric car stocks,” along with Nio.Ĭonsider grabbing this stock during the dip if you’re looking for an affordable EV investment with great growth potential.Tesla announced during its fourth-quarter earnings Wednesday that the updated Model S and X cars would arrive later this year. BTIG analyst Gregory Lewis said in a Yahoo! Finance article that investors could see gains of up to 19%. Newsom Wants to Ban Gas Cars by 2035 - The True Cost of Going Electricįind: 10 Stocks That Could Bounce Back in 2021 Workhorse Group (NASDAQ: WKHS)Īnalysts call this electric delivery vehicle manufacturer a buy now, in spite of problems that have included battery supply issues and production delays due to COVID-19. Luminar’s long-term value sits in its technology, which is hailed as more affordable than that of its competitors, and its illustrious list of 50 industry partners, including seven of the top 10 global automotive original equipment manufacturers.
InvestorPlace calls Luminar stock “an early entry point into the future of transportation.” The lidar developer from Orlando, Florida debuted on Nasdaq at the beginning of December and promptly doubled in price.Īs with a few of the stocks on this list, LAZR is currently experiencing a slight dip, down to $31 at market close on Monday, down from $35 last week. Ford, Hyundai and Apple are amongst the manufacturers who could be using Velodyne lidar in their vehicles. This diversity makes Velodyne less of a risk than other lidar manufacturers when it comes to long-term investing. Lidar developer Velodyne is using its lidar not just for EVs, but for robots and drones.
CAT QUEST TESLA DRIVERS
The technology can also be used as a safety feature to warn drivers of an impending collision in vehicles that are not fully autonomous. Lidar, or “light radar,” is a crucial piece of technology for helping autonomous vehicles “see” the road. See: 50 Most Environmentally Friendly and Affordable Vehiclesįind: 2021 Cars and Trucks That Are Worth Saving Up for Next Year Velodyne (NASDAQ: VLDR)Īs self-driving EVs gain public attention, InvestorPlace recommends taking a second look at lidar manufacturer stocks. With a 342% year-over-year increase in vehicle deliveries in November and improved gross profit margins, investors are recommending buying XPeng during the dip. Still, XPeng just entered the European auto market with deliveries to Norway, giving Tesla and Volkswagen a run for their money. The stock is currently down 12.8% for the month and has shown volatility for most of the year. The stock has gained 10 times its value in the past year, and InvestorPlace says the company’s underlying fundamentals “remain exceptionally favorable.”Ĭhina’s Xpeng, or Xiaopeng Motors, represents a good buy-and-hold option right now for those who believe in sustainability and want to show their support for an EV manufacturer. InvestorPlace calls Chinese EV maker Nio a “mini-Tesla.” And while Macroaxis says the stock is “overvalued” at $44.06 right now, it remains a good long-term investment. Keep an eye on these rising companies if you’re seeking to diversify your investment in EV stocks in 2021. See: 6 Reasons Tesla Might Be the Stock You Need to Buyįind: 13 Cars That Are Bad News for Tesla It’s also worth watching stocks related to the technology required to manufacture self-driving EVs, including battery producers and lidar developers. Several other publicly traded EV manufacturers deserve a second look heading into 2021, especially if president-elect Joe Biden expands EV tax credits and incentives, which many experts expect. Both Apple and Tesla have passionately loyal fans and marquee names driving their success in the EV market - and in the stock market. But the stocks’ high price tags could present a barrier to entry for new investors unless those investors opt for fractional shares.
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