Vic Wadhwa is back with another investing blog!
As the world is going green, electric vehicle stocks have become hot property among traders. A lot of successful investors like Warren Buffett believe that the tremendous gain seen in this sector is just the tip of an iceberg.
While a lot of mature investors are flocking to electric vehicles stocks, newbies are still unaware of these relatively new industry stocks. That’s why Vic Wadhwa decided to share the top electric vehicle stocks to buy in 2021.
Read on to discover the top electric vehicle stocks to buy for massive profits in the long run!
Tesla
Led by Elon Musk, Tesla is the most popular stock in the electric vehicles segment. Tesla’s share price climbed from $171 per share in February 2020 to an all-time high of over $900 per share in early 2021 before pulling back to around $620 per share in June 2021.
While the stock is trading at a high value, a lot of investors consider the stock price to be under-valued if compared to the company’s incredible growth in revenue. If you ask Vic Wadhwa, Tesla’s revenue will continue to grow in the upcoming years.
Nio Inc
Nio has become a hot topic in the investing corridors since it has emerged as the leading competitor of Tesla. The company is a Chinese electric car startup with plenty of offerings in the market. In February 2021, Nio Inc stock hit an all-time high of $66 per share and is currently delivering a 39% yearly return to its investors.
The demand for EVs in China is rapidly increasing as consumers who postponed vehicle purchases during the COVID-19 are finally buying. Nio also continues to climb upward, becoming more and more of an opportunity if you ask Vic Wadhwa.
General Motors
General Motors, the good old auto manufacturer, has woken up to the electric future and recently announced ending the production of its fossil-fuel-powered vehicles in favor of all-electric vehicles. Although General Motors’ stock tumbled because of the coronavirus pandemic, the company quickly recovered, climbing from a 52-week low of $16.80 per share to highs of $63.92 in June 2021.
By 2025, the company will have invested $27 billion into the EV space. As a result of the company’s aggressive investment plans in the electric vehicle market, it’s earned its spot on the top EV stocks for 2021. According to Vic Wadhwa, long-term investors who all are looking for a growth stock should think about starting a position with GM.
Apple
Staying on top in the tech industry, Apple is now planning to launch an autonomous electric sedan of its own. The company is currently looking for a potential manufacturing partner to help it start an electric revolution. The cult smart device manufacturer already is literally a cash cow that performed impressively even in the pandemic.
As a leader of innovation in the tech industry, Apple is now taking steps to enter the EV market, reserving its spot in the list of Vic Wadhwa’s top electric vehicle stocks in coming years.
Invest with Vic Wadhwa
I hope the above facts and insights about EV stocks will help you make better investment decisions in the future. That said, it’s never a good idea to blindly trust findings without your own share of research. Vic Wadhwa recommends doing your own thinking before putting money in any stock whatsoever.
Have questions in mind? Drop them in the comment section and get a quick reply from Vic Wadhwa.
Also, check out these top-performing tech stocks to buy in 2021 recommended by Vic Wadhwa
