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Details Here! Click Here... | | | | Three electrical vehicle stocks to buy for long rides feature a trio of U.S.-based automobile manufacturers that are navigating their way through bumpy conditions.
The three electrical vehicle stocks to buy for long rides offer investors different ways to take a stake in the future of EVs. Austin, Texas-based Tesla is the clear market leader in America but two traditional Detroit-based vehicle manufacturers are pursuing EV strategies of their own.
"The besetting fault of government policy on EVs was that it pushed the technology before it was ready," according to the Gilder's Technology Report. On the bright side, EV technology is—just about—ready now, except for the lack of a sufficient number of changing stations nationwide.
Batteries have been improving at a steady pace and appear likely to take a quantum leap forward in both power and safety thanks to companies like Solidion Technology, Inc. (NASDAQ: STI) and Tesla itself, Gilder's Technology Report continued. Energy storage for batteries is a key for EV acceptance and it is aided by unsung companies like Solidion, which specializes in developing and supplying advanced solid-state battery materials, components, cells and module/pack technologies.
The company's products include silicon-rich, all-solid-state lithium-ion cells, anode-less lithium metal cells and lithium-sulfur cells. With more than 500 patents, Solidion's solid-state battery innovations offer safer, more efficient and cost-effective energy storage, according to the Gilder's Moonshots trading service.
Three Electrical Vehicle Stocks to Buy for Long Rides: Tesla
Tesla (NASDAQ: TSLA) is a recommendation of Gilder's Technology Report, as well as an EV company that is "buy" rated by many investment firms, including BofA Global Research. Tesla recently reported non-generally accepted accounting principles (GAAP) earnings per share (EPS) of $0.72, well ahead of BofA's forecast of $0.59 and consensus analysts' estimates of $0.60.
Chart courtesy of www.stockcharts.com
The outperformance was almost across the boar\d, driven mainly by stronger gross profit and higher regulatory credits, BofA wrote. The investment firm also reacted positively to Tesla's management offering guidance of 20-30% unit volume growth in 2025, excluding any exogenous events. Other pluses for Tesla are the start of production of the Cybercab, the launch a public ride-hailing app in Texas and possibly California, deliveries of batteries for the energy storage business from its factory in Shanghai, China and semitruck start-of-production.
To partially enable all those developments, Tesla is offering guidance that its 2024 capital expenditures will exceed $11 billion.
In almost every other respect, EVs are just better than kluge-like internal combustion engines, which are jury rigged to take advantage of just one thing—the extraordinary energy capacity of a gas tank. With a good enough battery for an EV, a vehicle owner can avoid trips to the gas station, oil changes, noise, high maintenance costs and multiple points of failure, according to Gilder's Technology Report.
George Gilder, who heads Gilder's Technology Report, talks to Paul Dykewicz.
Three Electrical Vehicle Stocks to Buy for Long Rides: General Motors
General Motors (NYSE: GM) is traditional Detroit-based auto manufacturer that is angling for a sizable piece of the U.S. EV market but holding back a bit to try to achieve profitability and avoid deep losses. GM's management expects—on good evidence—to make a profit on its EV division next year, according to Gilder's Technology Report. Not counting China, it would make GM only the second car maker after Tesla to pull off that feat.
Plus, GM's valuation is bargain priced. GM pumps out profits of $11 billion from the trailing 12 months, compared to roughly $13 billion for Tesla, but the Detroit-based behemoth sports a market cap about 1/15 of Tesla's. GM's price/earnings (P/E) ratio is languishing at 5, even as the company's three-year compound annual growth rate (CAGR) is just under 12% and its margins are rebounding, Gilder's Technology Report added.
Another fan of Tesla's prospects are Mark Skousen, PhD, and Jim Woods, the co-heads of the Fast Money Alert advisory service. They earned a profit of more than 50% by recommending Tesla for less than two months in early 2023 to their Fast Money Alert subscribers.
Mark Skousen, head of Five Star Trader and scion of Ben Franklin, talks to Paul Dykewicz.
Paul Dykewicz meets with Jim Woods, head of Successful Investing.
BofA not only has a buy recommendation on GM but an $85 price target. BofA made modest adjustments to its 4Q earnings estimate but raised its 2025 and 2026 earnings estimates on GM to reflect the company's higher starting basis in 2024.
The investment firm's earnings per share estimates also rose as it boosted heightened share buybacks due to company management's commentary and GM's cash position. | | | While many folks today are wondering what to do with their money… a revolutionary "sheet" of new technology has quietly sparked an $11 trillion tech revolution.
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A positive contributor to GM earnings in 3Q was equity income from the Ultium JV. BofA noted a "significant" step up in equity income from the Ultium JV starting in the second quarter of 2024, which contributed to GM's earnings and margins.
Specifically, Ultium JV equity income positively affects GM North America's adjusted earnings before interest and taxes (EBIT) and its EBIT margin. In fourth-quarter 2024, BofA forecast that equity income from the Ultium joint venture would contribute positively to GM's operating profits.
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BofA has a buy recommendation on Dearborn, Michigan-based Ford (NYSE: F), along with a price target of $19 per share. Ford recently reported third quarter 2024 adjusted earnings per share of $0.49, just below the investment firm's estimate of $0.50 and in-line with consensus estimates of $0.49.
In addition, Ford pulled back on its EV operations as it searches for a path to turn it profitable without incurring huge losses in that business segment. Ford is focusing its next generation of electrified and digitally advanced vehicles on where it has competitive advantages in commercial vans, mid-size and large pickup trucks, and long-range sports utility vehicles (SUVs). The auto maker also has announced plans to offer a range of electrification options designed to speed customer adoption, including lower prices and longer ranges.
In its fully electric portfolio, Ford plans to introduce an all-new commercial van that will begin production during 2026 in Ohio, closely followed in 2027 by two new pickup trucks – a medium-sized version based on the platform designed by Ford's California skunkworks team and a next-generation truck to be assembled in Tennessee. In addition, Ford's new affordable electric vehicle platform marks a step forward in the company's strategy to bend the cost curve on electric vehicles, allowing the company to introduce multiple vehicle styles for both retail and commercial customers at a faster pace, with more personal digital customization.
Chart courtesy of www.stockcharts.com
Three Electrical Vehicle Stocks to Buy for Long Rides: Forecast
The three electrical vehicle stocks to buy for long rides show that Tesla, GM and Ford are finding their paths along a brightening EV future. The learning curve remains steeper for GM and Ford than early EV entrant Tesla, but the trio collectively are aiming for innovation and ultimate success. | | | Sincerely,
Paul Dykewicz, Editor
StockInvestor.com
| | About Paul Dykewicz: Paul Dykewicz is an accomplished, award-winning journalist who has written for Dow Jones, the Wall Street Journal, Investor’s Business Daily, USA Today, Seeking Alpha, GuruFocus and other publications and websites. Paul is the editor of StockInvestor.com and DividendInvestor.com, a writer for both websites and a columnist. He further is the editorial director of Eagle Financial Publications in Washington, D.C., where he edits monthly investment newsletters, time-sensitive trading alerts, free e-letters and other investment reports. Paul also is the author of an inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain", with a foreword by former national championship-winning football coach Lou Holtz. Follow Paul on Twitter @PaulDykewicz. | | | | | |
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