Good morning - Imagine if you had invested in Tesla (NASDAQ:TSLA) in 2016. The stock was just a babe in the woods trading for just $30 per share. Today, one share of TSLA stock fetches over $830 and by the time you read this, it may be higher than that. Nine months ago, Nio (NSYE:NIO) was a penny stock that appeared to be headed for bankruptcy. Now the stock is trading at over $60 per share and has growth that is outpacing the market. Both of these stocks are, of course, electric vehicle (EV) companies. And in 2020, the EV sector became red hot. Seemingly overnight, small startup companies were brought to market. Many came via a special purpose acquisition (SPAC) company. While this is a risky (i.e. less transparent) way to go public, there was an urgency for these companies to raise capital. And the company’s sponsors saw the appeal of these companies even in the midst of a global pandemic. That’s because they knew that it really never mattered who won the election. Electrification of transportation is coming. And it’s coming fast. And with a slew of companies to invest in, you have more opportunities than Tesla and Nio. There are many stocks you can buy today that are trading for less than $30 or even less than $20. Let me be very clear. Investing in the electric vehicle market is still very speculative. For many of the companies in this presentation, you are buying the story more than the stock. Some don’t have revenue. Almost all of them have no earnings to speak of. So you shouldn’t be betting the money you’re going to need anytime soon. But if you have the time and the risk tolerance there are some attractive companies that look to have plenty of juice to come. View the “7 Electric Vehicle Stocks That Have Real Juice”
Matthew Paulson
MarketBeat.com | 
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