The Most Attractive Electric Vehicle Stock Right Now
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- BYD's Market Advantage: As the global leader in EV sales, BYD leverages its diversified portfolio, particularly in the lower-priced segments, providing a strategic edge over its main competitor, Tesla.
- Economies of Scale Potential: In the capital-intensive automotive industry, BYD is expected to improve profitability with increasing volumes, which not only solidifies its market position but also supports its aggressive expansion in Europe.
- BorgWarner's Profitability: BorgWarner is recommended as a 'sticks and shovels' play in the EV space, as it remains profitable and reasonably valued, likely attracting more investor interest as it shifts focus towards the EV sector.
- Commitment to Shareholder Returns: By returning cash to shareholders while maintaining profitability, BorgWarner stands out among EV companies, and its solid financial performance is expected to lead to a re-rating of its stock.
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Analyst Views on TSLA
Wall Street analysts forecast TSLA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TSLA is 401.93 USD with a low forecast of 25.28 USD and a high forecast of 600.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
30 Analyst Rating
12 Buy
11 Hold
7 Sell
Hold
Current: 416.560
Low
25.28
Averages
401.93
High
600.00
Current: 416.560
Low
25.28
Averages
401.93
High
600.00
About TSLA
Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Its segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty maintenance services and collisions, part sales, paid supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. Its lithium-ion battery energy storage products include Powerwall and Megapack.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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The Most Attractive Electric Vehicle Stock Right Now
- BYD's Market Advantage: As the global leader in EV sales, BYD leverages its diversified portfolio, particularly in the lower-priced segments, providing a strategic edge over its main competitor, Tesla.
- Economies of Scale Potential: In the capital-intensive automotive industry, BYD is expected to improve profitability with increasing volumes, which not only solidifies its market position but also supports its aggressive expansion in Europe.
- BorgWarner's Profitability: BorgWarner is recommended as a 'sticks and shovels' play in the EV space, as it remains profitable and reasonably valued, likely attracting more investor interest as it shifts focus towards the EV sector.
- Commitment to Shareholder Returns: By returning cash to shareholders while maintaining profitability, BorgWarner stands out among EV companies, and its solid financial performance is expected to lead to a re-rating of its stock.
Continue Reading