3 Electric Vehicle Stocks with Long-Term Growth Prospects

InvestorPlace08-08

Here are just a few top electric vehicle stocks to buy. Tesla (TSLA): Analysts at Morgan Stanley just named TSLA a top pick in the auto sector. XPeng (XPEV): In the first seven months of the year, it ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2457319872?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-08 04:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2457319872","market":"us","top_or_hot":-1,"title":"3 Electric Vehicle Stocks with Long-Term Growth Prospects","media":"InvestorPlace","content":"<div>\n<p>Here are just a few top electric vehicle stocks to buy.\nTesla (TSLA): Analysts at Morgan Stanley just named TSLA a top pick in the auto sector.\nXPeng (XPEV): In the first seven months of the year, it ...</p>\n\n<a href=\"https://investorplace.com/2024/08/3-electric-vehicle-stocks-with-long-term-growth-prospects/\">Source Link</a>\n\n</div>\n","source":"investorplace_stock_picks","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Electric Vehicle Stocks with Long-Term Growth Prospects</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Electric Vehicle Stocks with Long-Term Growth Prospects\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-08 04:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/08/3-electric-vehicle-stocks-with-long-term-growth-prospects/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Here are just a few top electric vehicle stocks to buy.\nTesla (TSLA): Analysts at Morgan Stanley just named TSLA a top pick in the auto sector.\nXPeng (XPEV): In the first seven months of the year, it ...</p>\n\n<a href=\"https://investorplace.com/2024/08/3-electric-vehicle-stocks-with-long-term-growth-prospects/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03160","symbol_name":"华夏日股对冲","start_time":0,"source_url":"https://investorplace.com/2024/08/3-electric-vehicle-stocks-with-long-term-growth-prospects/","article_id":"2457319872","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2457319872","pubTimestamp":1723062600,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"Here are just a few top electric vehicle stocks to buy.XPeng : In the first seven months of the year, it has now delivered 63,173 Smart EVs, which is 20% year-over-year growth.Global X Autonomous & Electric Vehicles ETF : Or diversify on the cheap with DRIV.Weakness in electric vehicle stocks is a buying opportunity.For one, EV sales are accelerating in the U.S. According to Kelley Blue Book, EV sales jumped about 11.3% in the second quarter to 330,463.After slipping from about $9.25 to $7, the EV stock caught strong support and could easily accelerate higher. Helping, the company just said it delivered 11,145 Smart EVs in July, which was up about 1% year-over-year, and 4% month-over-month. Plus, in the first seven months of the year, it has now delivered 63,173 Smart EVs, which is 20% year-over-year growth.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"03160":"华夏日股对冲","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","SQQQ":"纳指三倍做空ETF","QLD":"纳指两倍做多ETF","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU1069344957.HKD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (HKD) INC","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU0057025933.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (USD) ACC","PSQ":"纳指反向ETF","TSLA":"特斯拉","QCOM":"高通","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","TM":"丰田汽车","BK4588":"碎股","BK4141":"半导体产品","NVDA":"英伟达","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","DRIV":"Global X Autonomous & Electric Vehicles ETF","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC",".IXIC":"NASDAQ Composite","TQQQ":"纳指三倍做多ETF","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","IE00B3SWFQ91.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) INC","BK4581":"高盛持仓","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU0069063385.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (USD) ACC","XPEV":"小鹏汽车","NXPI":"恩智浦","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","FDN":"First Trust Dow Jones Internet I","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","QID":"纳指两倍做空ETF","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0823411888.USD":"法巴消费创新基金 Cap","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H"},"translate_title":"3只具有长期增长前景的电动汽车股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":1,"NXPI":1,"TM":1,"DRIV":1,"XPEV":0.9,".IXIC":0.9,"FDN":0.79,"SQQQ":0.6,"NVDA":0.6,"TQQQ":0.6,"PSQ":0.6,"QCOM":0.6,"QID":0.6,"QLD":0.6,"03160":0.6,"EVS.SI":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"Here are just a few top electric vehicle stocks to buy.\nTesla (TSLA): Analysts at Morgan Stanley just named TSLA a top pick in the auto sector.\nXPeng (XPEV): In the first seven months of the year, it has now delivered 63,173 Smart EVs, which is 20% year-over-year growth.\nGlobal X Autonomous & Electric Vehicles ETF (DRIV): Or diversify on the cheap with DRIV.\n\n\n\n\n\n \n\nSource: Halfpoint / Shutterstock.com\n\n\n\nWeakness in electric vehicle stocks is a buying opportunity.\nFor one, EV sales are accelerating in the U.S. According to Kelley Blue Book, EV sales jumped about 11.3% in the second quarter to 330,463. \n\nPlus, as noted by Cox Automotive Director Stephanie Valdez Streaty, “We remain bullish on electric vehicle sales in the long term. The growth will, at times, be very slow, as all-time horizons in the automobile business are vast, but the long-term trajectory suggests that higher volumes of EVs will continue over time. As EV infrastructure and technology improve, and more models are launched, many shoppers sitting on the fence will eventually choose an EV.”\n\nEven China is seeing an uptick in EV sales thanks to tax breaks and policy. In June, for example, “sales were helped by Beijing’s move in late April to introduce subsidies to entice car owners to replace their vehicles, adding to tax breaks already in place for buyers of electric vehicles.”\nWith sales set to accelerate from here, investors should use weakness in electric vehicle stocks as an opportunity to buy. That includes:\nTesla (TSLA)\nSource: Vitaliy Karimov / Shutterstock.comThanks to a vicious market pullback, Tesla (NASDAQ:TSLA) gapped from about $250 to a recent low of $192.67. Not only is it now at strong support, but it’s also over-extended on RSI, MACD and Williams’ %R. From its last traded price of $190.25, I’d like to see an initial gap refill at $209.\nHelping, analysts at Morgan Stanley named TSLA a top pick in the auto sector. With an overweight rating and a price target of $310 on the stock, the firm noted TSLA may be “cornering the market on ZEV (zero-emission vehicle) credits and has seen increased contribution from recurring services revenue.”\nAlso, while earnings weren’t great, it’s priced into recent weakness. While its earnings per share of 52 cents missed by 10 cents, revenue of $25.5 billion, up 2.3% year-over-year, did beat by $760 million. In addition, many of these numbers could improve should the Federal Reserve cut interest rates as expected this year.\nXPeng (XPEV)\nSource: THINK A / Shutterstock.comI’d also use weakness as an opportunity to buy XPeng (NYSE:XPEV).\nAfter slipping from about $9.25 to $7, the EV stock caught strong support and could easily accelerate higher. Helping, the company just said it delivered 11,145 Smart EVs in July, which was up about 1% year-over-year, and 4% month-over-month. Plus, in the first seven months of the year, it has now delivered 63,173 Smart EVs, which is 20% year-over-year growth.\nRecent earnings haven’t been too shabby either. In its first quarter, the company announced an EPS loss of 10 cents on sales of $907 million. The Street was looking for a loss of 33 cents on sales of $859 million. For the second quarter, which we’ll learn about in late August, the company expects to sell between 29,000 and 32,000 EVs, which is 25% to 38% year-over-year growth. It also expects for sales to jump about 60% to $1.1 billion.\n“Despite fierce market competition, the company’s gross profit margin saw a substantial increase…in the first quarter of 2024,” said Co-President Brian Gu, as quoted by Barron’s. “This signifies that XPeng, based on its smart EV business, has developed a unique approach to lift its profitability and international market potential by providing smart technologies.”\nGlobal X Autonomous & Electric Vehicles ETF (DRIV)\nSource: Olivier Le Moal/ShutterstockOr, if you want to diversify with 75 EV and autonomous-related stocks, you can always jump into the Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV).\nWith an expense ratio of 0.68%, the $20 ETF invests in “companies involved in the development of autonomous vehicle software and hardware, as well as companies that produce EVs, EV components such as lithium batteries, and critical EV materials such as lithium and cobalt,” as noted by GlobalXETFs.com.\nSome of its top electric vehicle stocks-related holdings include Tesla, Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG), Nvidia (NASDAQ:NVDA), Qualcomm (NASDAQ:QCOM), Toyota Motor (NYSE:TM), Intel (NASDAQ:INTC) and NXP Semiconductor (NASDAQ:NXPI) to name a few.\nOn the date of publication, Ian Cooper did not have (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nOn the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.\nIan Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.Automotive, Consumer Discretionary, Electric VehiclesGrowth Stocks\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/08/3-electric-vehicle-stocks-with-long-term-growth-prospects/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2457319872"}