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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 -0.95% 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 +1.48% and GM /zigman2/quotes/205226835/composite GM +5.10% 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 -5.57% is catching up to Tesla on software quality. Nio /zigman2/quotes/204905836/composite NIO -5.51% has a battery swap subscription that will lift cash flow. Li Auto /zigman2/quotes/219811686/composite LI -3.39% is also the smallest by market capitalization worth considering.

Lucid Motor /zigman2/quotes/221104327/composite LCID -5.34% 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 -3.95% collaborated with parts giant Magna /zigman2/quotes/204433886/composite MGA +4.44% 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
$ 1,084.60
-10.40 -0.95%
Volume: 24.25M
Dec. 2, 2021 4:00p
P/E Ratio
351.19
Dividend Yield
N/A
Market Cap
$1099.67 billion
Rev. per Employee
$445,694
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/zigman2/quotes/208911460/composite
US : U.S.: NYSE
$ 19.87
+0.29 +1.48%
Volume: 93.91M
Dec. 2, 2021 4:02p
P/E Ratio
27.41
Dividend Yield
2.01%
Market Cap
$78.25 billion
Rev. per Employee
$683,570
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/zigman2/quotes/205226835/composite
US : U.S.: NYSE
$ 61.02
+2.96 +5.10%
Volume: 25.26M
Dec. 2, 2021 4:00p
P/E Ratio
8.15
Dividend Yield
0.00%
Market Cap
$84.30 billion
Rev. per Employee
$790,226
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/zigman2/quotes/219982686/composite
US : U.S.: NYSE
$ 48.29
-2.85 -5.57%
Volume: 24.83M
Dec. 2, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$47.16 billion
Rev. per Employee
$166,548
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/zigman2/quotes/204905836/composite
US : U.S.: NYSE
$ 36.20
-2.11 -5.51%
Volume: 84.98M
Dec. 2, 2021 4:02p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$62.77 billion
Rev. per Employee
N/A
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/zigman2/quotes/219811686/composite
US : U.S.: Nasdaq
$ 33.91
-1.19 -3.39%
Volume: 14.10M
Dec. 2, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$35.14 billion
Rev. per Employee
$327,692
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/zigman2/quotes/221104327/composite
US : U.S.: Nasdaq
$ 48.41
-2.73 -5.34%
Volume: 76.81M
Dec. 2, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$84.20 billion
Rev. per Employee
N/A
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/zigman2/quotes/209924856/composite
US : U.S.: NYSE
$ 18.99
-0.78 -3.95%
Volume: 11.55M
Dec. 2, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$5.86 billion
Rev. per Employee
N/A
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/zigman2/quotes/204433886/composite
US : U.S.: NYSE
$ 78.54
+3.34 +4.44%
Volume: 1.33M
Dec. 2, 2021 4:00p
P/E Ratio
13.29
Dividend Yield
2.19%
Market Cap
$22.76 billion
Rev. per Employee
$206,816
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