The Best Ways To Play The Electric Vehicle Boom - Seite 3

There's an important shift happening in consumer behavior, and Facedrive (FD; FDVRF) intends to be out in front of it all the way. In our view, this is definitely one stock to watch closely.

Other companies to watch as the electric vehicle boom accelerates:

Tesla Inc. (TSLA) emerged as the stock story of 2020. Throughout the year, the de facto king of electric vehicles dominated headlines and defied expectations. Tesla has continued to defy bearish expectations that low oil prices would put a damper on its core business of selling electric vehicles. Despite this, for the fourth consecutive quarter, the EV maker posted yet another blowout that beat top-and bottom-line expectations. More importantly, it exceeded Wall Street delivery estimates and reported record profits to boot.

Armed with slick cars, game-changing technology and an out of this world  CEO, Tesla had its eye on prize long before the green energy hype started building. In fact, the company released the first Tesla Roadster over a decade ago, making electric vehicles cool when people were laughing at first-gen electric vehicles. 

The meteoric rise by Tesla stock has seen CEO Elon Musk leapfrog several billionaires including Bill Gates to become the second-richest man on earth with a net worth of over $155 billion. And if things keep going the way they're going, there's a very good chance that this year, Musk could surpass even Jeff Bezos to become the richest man in the world.

It wasn't so long ago that analysts and investors alike were ready to write off their losses and give up on electric vehicle manufacturer Nio Inc (NIO)…In fact, there were even rumors that the automaker was on the brink of bankruptcy. But the Chinese Tesla rival powered on, blew away estimates, and most importantly, kept its balance sheet in line. And its efforts have paid off - in a big way.

Nio has made all the right moves over the past year to turn heads on the streets and in the marketplace... From its stunningly beautiful - and fast - EP9 supercar to its new line of family-friendly high-performance sedans, Nio is well on its way to retaking control of its local market from Elon Musk's electric vehicle giant. And as Chinese EV sales continue to soar…Nio's already-impressive ascension to electric superstar is only going to accelerate from here.