Could this be a multi-bagger stock in a few years??

Most of these EV companies are still unprofitable, it's likely to hurt their profit margin even further with the increasing price wars, and they are likely to remain unprofitable in the near future.

Unlike $Tesla Motors(TSLA)$ and BYD, most EV companies clearly have issues scaling up their production significantly. The competition in the EV market has intensified as numerous traditional car markers (Mercedes-Benz, BMW etc) are also investing and building more EV units.

The key question is what is a fair valuation for these EV companies? How fast can it grow over the next few years? Like any new industry, eventually there will only be few survivors.

The EV industry is a cash-burning business, one need to achieve a certain scale of production before it can turn profitable. A few EV companies (Lordstown Motors, Proterra) have declared bankruptcy recently and I'm sure there's more to come. Currently, the cash-strapped company $Faraday Future Intelligent Electric Inc.(FFIE)$  is trying to raise up to $90 million through stock offering. One need to ask yourself if this is viable in the long run when the interest rate is likely to remain high.

On the other hand, the market cap is currently at ~$23 million, is it a steal to buy at current price?? One FF91 2.0 Futurist Alliance model would cost ~$0.3 million. Selling just 80 models in a quarter would generate revenue similar to its market cap. Similarly, even EV leader like Tesla once face bankruptcy during its run-up in Model 3 production from mid 2017 to mid 2019. The company has delivered 4 EVs so far, and we might see more deliveries in the upcoming quarter. It is aiming to 266k cars by 2025. In comparison, $Faraday Future Intelligent Electric Inc.(FFIE)$  is currently a steal compared to other EVs. Haha can your $50 investment into hundreds or thousands?? Only time will tell.

Be greedy when others are fearful!

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