To The Moon

It's not easy to find stocks that can soar or even double in price in just a few months, and many of them lack sustainability. Therefore, a better strategy is to invest in good companies with long-term growth potential and hold them for the long term. To find the doubled growth stocks among them, it's important to choose the right industry. For example, the electric vehicle industry, which is currently experiencing rapid growth, especially those electric vehicle stocks that have seen a significant decline in their stock prices. But as long as the catalysts are in place, their stock prices can soar. In 2024, the prices of two electric vehicle stocks, $Rivian Automotive, Inc.(RIVN)$ and $Fisker Inc.(FSR)$, are expected to soar. Rivian: Risks Have Been Greatly Reduced Not long ago, Rivian was still a risky electric vehicle stock. The company faced various production issues while also burning through a lot of cash, causing its stock price to plummet. However, Rivian has overcome many production bottlenecks. In 2023, it achieved production and deliveries of 57,232 and 50,122 vehicles respectively, with fourth-quarter production reaching 17,541 vehicles. This growth trend has continued into 2024. Additionally, the company signed its second commercial customer for its delivery vans, $AT&T Inc(T)$, with the first being $Amazon.com(AMZN)$. Finally, the company broke ground on its Georgia factory, which will be responsible for producing the next generation of R2 vehicles. Rivian has also launched a new leasing service, which could encourage consumers to purchase the more expensive R1S and R1T models, while also reflecting management's confidence in achieving production acceleration. Furthermore, compared to entry-level vehicles, leasing higher-priced cars could unlock incremental demand. Finally, management expects the company to turn gross profit positive this year. If the company is able to achieve this goal, coupled with the groundbreaking of the new factory and production acceleration, these catalysts could drive the stock price of this electric vehicle to soar in 2024. Fisker: Potential for Rebound Stocks that have fallen in value are always risky, and Fisker is no exception. The company's financial reporting and its decision to cut production in 2023 - in order to free up $300 million in working capital and improve liquidity - sparked investor dissatisfaction. While the young electric vehicle manufacturer had a rocky 2023, its recent operating results have been solid, with the company announcing a quarter-on-quarter increase in deliveries of over 300% in the fourth quarter. However, a closer look at the data reveals that Fisker's potential for a stock price rebound lies in the significant gap between production and deliveries. Specifically, the company produced 10,142 Ocean SUVs in 2023 but only delivered around 4,700 due to its limited delivery infrastructure. The good news is that Fisker recently announced a new distribution strategy and expects to establish around 100 dealerships in Europe and North America. This strategy will rapidly increase the company's sales and deliveries, creating much-needed revenue. Therefore, investors should closely monitor production and delivery gaps in the first half of 2024. If production continues to accelerate while this gap narrows significantly, the stock price could soar.