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Oct. 19, 2021, 6:58 a.m. EDT

What are the Best Electric Vehicle Stocks?

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Oct 19, 2021 (Baystreet.ca via COMTEX) -- Tesla /zigman2/quotes/203558040/composite TSLA -1.47% is, without a doubt, the best EV stock to keep owning. The company has a good chance of taking a $1-trillion market capitalization. It is a leader in the global EV market, has plenty of strong cash flow, and may raise money any time it needs to.

Tesla has a wide lead over all EV firms in software. It may push out updates quickly to its user base. Moreover, it offers a subscription to Tesla owners for autonomous driving, once it is ready. Companies like Ford /zigman2/quotes/208911460/composite F -1.26% and GM /zigman2/quotes/205226835/composite GM -1.20% are trying to copy the over-the-air offering but fail to handle it as well as Tesla.

Investors betting on the next Tesla may consider China-based EV firms. XPeng /zigman2/quotes/219982686/composite XPEV -4.35% is catching up to Tesla on software quality. Nio /zigman2/quotes/204905836/composite NIO -9.07% has a battery swap subscription that will lift cash flow. Li Auto /zigman2/quotes/219811686/composite LI -2.26% is also the smallest by market capitalization worth considering.

Lucid Motor /zigman2/quotes/221104327/composite LCID 0.00% rolled out its first EV. It will sell a few hundred premium models first. Once it optimizes its production, consumers may consider Lucid over Tesla.

Fisker /zigman2/quotes/209924856/composite FSR -0.67% collaborated with parts giant Magna /zigman2/quotes/204433886/composite MGA +0.34% to produce an EV. The company will appeal to mainstream customers. Once it achieves mass production, Fisker is a compelling EV stock to consider.

COMTEX_395482648/2559/2021-10-19T06:57:39

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 930.00
-13.90 -1.47%
Volume: 50.79M
Jan. 24, 2022 4:00p
P/E Ratio
301.13
Dividend Yield
N/A
Market Cap
$947.93 billion
Rev. per Employee
$662,097
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/zigman2/quotes/208911460/composite
US : U.S.: NYSE
$ 20.39
-0.26 -1.26%
Volume: 186.94M
Jan. 24, 2022 4:04p
P/E Ratio
28.13
Dividend Yield
1.96%
Market Cap
$82.52 billion
Rev. per Employee
$723,737
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/zigman2/quotes/205226835/composite
US : U.S.: NYSE
$ 52.64
-0.64 -1.20%
Volume: 33.00M
Jan. 24, 2022 4:00p
P/E Ratio
7.03
Dividend Yield
0.00%
Market Cap
$77.36 billion
Rev. per Employee
$844,761
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/zigman2/quotes/219982686/composite
US : U.S.: NYSE
$ 39.99
-1.82 -4.35%
Volume: 15.05M
Jan. 24, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$37.94 billion
Rev. per Employee
$462,706
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/zigman2/quotes/204905836/composite
US : U.S.: NYSE
$ 24.87
-2.48 -9.07%
Volume: 94.33M
Jan. 24, 2022 4:04p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$44.81 billion
Rev. per Employee
N/A
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/zigman2/quotes/219811686/composite
US : U.S.: Nasdaq
$ 27.27
-0.63 -2.26%
Volume: 10.46M
Jan. 24, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$30.35 billion
Rev. per Employee
$755,756
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/zigman2/quotes/221104327/composite
US : U.S.: Nasdaq
$ 37.75
0.00 0.00%
Volume: 46.15M
Jan. 24, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$62.15 billion
Rev. per Employee
N/A
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/zigman2/quotes/209924856/composite
US : U.S.: NYSE
$ 11.94
-0.08 -0.67%
Volume: 18.84M
Jan. 24, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$3.57 billion
Rev. per Employee
$520.33
loading...
/zigman2/quotes/204433886/composite
US : U.S.: NYSE
$ 78.56
+0.27 +0.34%
Volume: 2.17M
Jan. 24, 2022 4:00p
P/E Ratio
13.29
Dividend Yield
2.19%
Market Cap
$23.64 billion
Rev. per Employee
$238,608
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