1 EV Stock to Buy Hand Over Fist in October
Move over Tesla (NASDAQ: TSLA) -- there's a new king of electric vehicles.
(OTC: BYDDY) produced more fully electric vehicles last quarter than Tesla. The leading U.S. EV maker faced a production bottleneck this summer as it shut down plants to refresh its Model 3 for Europe and China, leading to lower production. And while it still ended up outselling BYD by about 3,000 vehicles, the Chinese automaker is poised to fully take the crown in the fourth quarter and beyond.
Investors interested in electric car stocks should take a pass on Tesla shares. BYD is the stock to buy in October. Here's why.
Source Fool.com
BYD Co. Ltd Stock
€27.71
0.430%
The stock is one of the favorites of our community with 25 Buy predictions and 4 Sell predictions.
As a result the target price of 35 € shows a positive potential of 26.31% compared to the current price of 27.71 € for BYD Co. Ltd.
