Great News for Young EV Stocks Such as Rivian
One of the biggest questions facing automotive industry investors is whether legacy would matter to consumers when the transition to electric vehicles (EVs) took place. For instance, Ford Motor and General Motors have long dominated the full-size gasoline-powered truck segment -- and made handsome profits from it. But would that history of dominance translate to electric trucks?
If recent global EV sales are any indication, the game might be about to change and that's good news for young EV makers such as Rivian Automotive (NASDAQ: RIVN), Lucid Group, and Fisker.
During the fourth quarter of 2023, Tesla delivered 484,507 vehicles. That result was slightly ahead of analysts' estimates but behind emerging Chinese EV juggernaut , which delivered 526,409 fully electric vehicles.
Source Fool.com
BYD Co. Ltd Stock
The stock is one of the favorites of our community with 27 Buy predictions and 4 Sell predictions.
As a result the target price of 35 € shows a positive potential of 28.44% compared to the current price of 27.25 € for BYD Co. Ltd.
