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.
Is there a problem with this press release? Contact the source provider Comtex at firstname.lastname@example.org. You can also contact MarketWatch Customer Service via our Customer Center.