Prediction: These Could Be the Best-Performing EV Stocks Through 2030
Electric vehicle (EV) stocks have had a difficult start to 2024, as industry sales growth has slowed. In addition, there are now more EV brands for consumers to choose from, as both legacy automakers and new upstarts have entered the market. Nonetheless, EV stocks still hold some strong potential over the long term.
Let's look at two EV stocks that could be the best performers through 2030.
This year hasn't been kind to EV leader (NASDAQ: TSLA). The company saw its first-quarter revenue decline 9% to $21.3 billion, with automotive revenue down 13% to $17.4 billion. Vehicle deliveries were down 9% to 386,810, while it also saw lower vehicle average selling prices. This led its adjusted earnings per share to plummet 47% to $0.45, while it had cash outflows of $2.5 billion.
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 18.08% compared to the current price of 203.25 € for Tesla Inc.
