by Mike Stenger
The five-year outlook for Tesla Inc.
is bullish, and the reason might surprise you.
Yes, the Tesla cars are great, the branding is great, and the company has managed to infiltrate foreign markets with ease.
But its greatest advantage in the EV market is yet to be tapped.
by Mike Stenger
EV stocks have joined the market-wide dip in the last month.
The S&P 500 lost 4.1% from February to March.
Stocks that once seemed like they were set to fly through the roof have taken pretty steep cuts.
Nio stock is down 31% since January, from an all-time peak of $61.
A combination of broad market struggles and company fundamentals drove the slump.
But Nio is about to go on a rally again.
Electric car manufacturer stocks are absolutely exploding right now.
The leader – Tesla Inc. (NASDAQ: TSLA) – is up 220% year to date.
But did you know that three smaller (and lesser known) electric vehicle stocks are up even more?
The Dow Jones Industrial Average jumped 39-points in premarket hours ahead of a busy day of economic announcements and statements by central banking leaders.
