1 Electric Vehicle Stock to Buy Hand Over Fist in December
If you're looking to invest in electric vehicles (EVs), there's one glaring option available in the market: Tesla (NASDAQ: TSLA). While other up-and-coming EV makers and legacy companies are starting their transition to an electric fleet, Tesla still stands above its competition in terms of investment quality. It's not a perfect investment, but Tesla is still the top EV stock to buy right now. Here's why.
Tesla is far and away the leader in the U.S. EV market. In the third quarter, over 313,000 EVs were sold, up nearly 50% from last year. Of those EVs, about half were Teslas. This shows Tesla's dominance, and a new product could widen its lead.
With Cybertruck deliveries now beginning, Tesla has another revenue stream that will be activated after investing a lot of money into its EV truck line. It could also help reverse a concerning trend for Tesla investors.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 72 Buy predictions and 29 Sell predictions.
As a result the target price of 240 € shows a slightly positive potential of 18.99% compared to the current price of 201.7 € for Tesla Inc.
