Forex Trading

Investors Flee Tumbling EV Upstarts Once Hailed as Next Tesla

Posted on 30.12.2021

what is the next tesla stock

But if you buy GTBIF and hold on to it for five, 10 years, I’m betting you’ll have a very hefty return. Furthermore, CHPT generated over $108.29 million in its second quarter, despite market headwinds. Its sales grew by 93% from the prior-year period resulting in a revenue beat of $5.26 million on consensus estimates.

what is the next tesla stock

First, Tesla announced consensus-beating vehicle production and delivery numbers. A few weeks later, the company reported higher-than-expected revenue and EPS. Nio is a leading Chinese EV giant that has experienced an incredible stock price run over the past couple of years. However, with multiple headwinds in play, its stock has shed over 70% of its value year-to-date. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. In a 2018 televised interview, she said Tesla would hit $4,000 by 2023.

The Next Tesla (TSLA) Stock? Here are 3 Potential Candidates

Shares of Tesla split on the morning of Thursday, August 25th 2022. The 3-1 split was announced on Thursday, August 25th 2022. The newly minted shares were distributed to shareholders after the closing bell on Thursday, August 25th 2022. An investor that had 100 shares of stock prior to the split would have 300 shares after the split. One of Tesla’s related products is the Tesla Powerwall and Tesla Powerpack battery packs. The Powerwall and Powerpack are stationary lithium-ion battery packs for home or industrial use.

  1. Tesla’s leadership expects to capitalize on that growth.
  2. The stock price spiked in July above $290, only to fall to $215 in August.
  3. The consensus among Wall Street research analysts is that investors should “hold” TSLA shares.
  4. All told, marijuana stocks are down more than 90% from their peak value.
  5. Centrus provides an integrated solution for meeting the industry’s engineering, manufacturing and fuel needs.

The power packs can store solar or other green-generated powers for later use or backup power in emergency situations. This segment of the business was merged with Solarcity to form the Energy Generation and Storage segment. Among the many technologies worked on by the company are self-driving/autonomous vehicles, AI, and glass along with EV motors and batteries.

What Is TSLA Stock’s Price Prediction For 2025

According to Fortune Business Insights, EV sales globally will grow at a CAGR of 17.8% between 2023 and 2030. Furthermore, it seems like Mullen is going full-steam ahead with its plans, tripling its research and development expense in its most recent quarter. It recently acquired Electric Last Mile for $240 million, gaining multiple assets and an active production plant to speed up its manufacturing.

It expects to sell 1.78 million vehicles this year, with an over 120% bump in deliveries expected in 2024 to 4 million. Therefore, with an incredible outlook ahead, BYDDF stock is an excellent bet for the long haul. The Nasdaq is languishing in the bear-market territory, and most of the tech and growth names over the past several years have been hit incredibly hard. EV stocks seem to be no exception, as the entire sector has lagged, and investors have rotated out of growth names into value stocks. Tesla’s stock price was essentially flat for several years after the 2010 IPO. In 2008, the carmaker had endured a near-death experience, and in the lead-up to the IPO and afterwards, it was selling only one car, the original Roadster.

Early signs for the F-150 Lightning sales are strong and have exhibited the potential to outsell its traditional model in the not-so-distant future. These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies. Tesla’s leadership expects to capitalize on that growth. The company has expressed a long-term goal of expanding vehicle production to 20 million by 2030.

To see all exchange delays and terms of use please see Barchart’s disclaimer. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Sign-up to receive the latest news and ratings for Tesla and its competitors with MarketBeat’s FREE daily newsletter. Despite those challenges, Tesla still has good growth prospects. But as competition heats up, its growth trajectory may be tempered relative to the company’s history.

We already know Tesla is willing to defend its market share by lowering prices. Lockdowns in China and the deplorable economic situation across the globe have significantly impacted Nio’s business of late. However, cumulative deliveries have reached 259,563 as of October, with a 174.3% growth in deliveries last month from the prior-year period.

Moreover, it generated a gross profit of $18.2 million in the quarter, its highest number on record. Its management aims to become free cash flow positive by 2024, which should be a major catalyst for its stock. Tesla’s (TSLA -2.32%) stock price fell after it reported third-quarter earnings. This video will answer that question by deeply diving into Tesla’s third-quarter earnings conference call.

The Next Tesla? Ranking the 7 Top EV Stocks on TSLA’s Tail

The firm continues to produce tens of thousands of vehicles and has a sizeable lead over its competition. Moreover, it is expanding overseas into European markets such as Norway to reduce its sales concentration in China. In August, the stock dipped on news that Tesla had cut prices in China to defend its market share. The stock rose again when the China Passenger Car Association reported year-over-year and month-over-month sales growth on Tesla EVs made in China. Green Thumb Industries (GTBIF) Cannabis has been beaten to a pulp the last two years. As a group, cannabis stocks peaked in late 2018, and after a brief but spirited comeback in late 2020/early 2021 have done nothing but fall for more than two years.

Sales & Book Value

So, if the top risks to the world right now are climate change and geopolitical conflict, the growth of nuclear energy in both America and China is essential. Trading on the NASDAQ, Tesla offered 13.3 million shares at a price of $17 per share. Wall Street veteran Ed Yardeni discusses concerns about tech giants like Apple and Tesla, as well as the impact of AI and China on the stock market’s Magnificent Seven. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

But if you don’t already own it, I think there are better prospects out there—particularly in less famous stocks. Tesla’s been a great stock to own in the last few years, zooming more than 590% and splitting its stock 15-for-1 since January 2020. Elon Musk has effectively “stepped aside” as Tesla CEO and is “delusional” for wanting more ownership of the carmaker, Gerber said previously.