Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Tesla vs. Nikola: Which Electric Vehicle Stock Is a Better Investment?

Published 11/15/2021, 10:25 AM
Updated 11/15/2021, 11:30 AM
© Reuters.  Tesla vs. Nikola: Which Electric Vehicle Stock Is a Better Investment?

Growth investors can look to invest in electric vehicle (EV) stocks such as Tesla (NASDAQ:TSLA) and Nikola (NKLA). While Tesla is a market leader, Nikola is a pre-revenue company. Both companies are poised to outpace the broader markets but may also lose momentum in case they fail to meet expectations.The electric vehicle (EV) market is poised to gain pace in the upcoming decade, as governments all around the world continue to support the transition towards clean energy solutions. According to a report from Fortune Business Insights, the global EV is forecast to rise from $246 billion in 2020 to $1.32 trillion in 2028, indicating an annual growth rate of 24.3% in this period.

This rapid growth makes EV companies such as Tesla (TSLA) and Nikola (NKLA) enticing long-term bets. While Tesla is a market leader in this segment, Nikola is yet to post any meaningful sales.

Today I’ll analyze TSLA and NKLA to determine which EV stock is currently a better investment.

Continue reading on StockNews

Latest comments

legit vs scam???
Neither of them...
Lmao
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.