In today’s video, I talk about 4 electric vehicle (EV) stocks that have taken a considerable dip since the market correction. They are all hitting different markets and are in various stages in their business life.
- Tesla (NASDAQ:TSLA) is hitting multiple countries with both EV Sedans and SUVs. In its most recent quarter (Q4 2020), its delivered 180,570 vehicles.
- NIU Technologies (NASDAQ:NIU) is mainly in China but expanding into other countries with its EV Scooters. In its most recent quarter (Q4 2020), it sold 150,465 Scooters.
- NIO Inc. (NYSE:NIO) similar to NIU, is mainly in the China market with its EV SUVs and new Sedan model. In its most recent quarter (Q4 2020), it delivered 17,353 Vehicles.
- Lucid Motors, which did a SPAC merger with Churchill Capital (NYSE:CCIV) Lucid Motors is in the stages of delivering its first EV luxurious sedan within the next year to the U.S. Market.
This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.