If You Like Tesla, Then You Will Love These 2 Beaten-Down EV Stocks
Extending the rally that resulted in a gain of more than 24% last year, the S 500 is off to a strong start for 2024, thanks to the prospect of lower interest rates and encouraging economic data.
But many electric vehicle (EV) stocks have driven in the opposite direction. Tesla (NASDAQ: TSLA), Rivian (NASDAQ: RIVN), and Lucid (NASDAQ: LCID), for example, are three EV stocks that have faced a rocky road in the early days of 2024. Despite their poor performances, though, there are valid reasons to believe that they can all accelerate higher in the months -- and years -- to come.
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Source Fool.com
Tesla Inc Stock
€204.70
0.710%
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 17.24% compared to the current price of 204.7 € for Tesla Inc.
