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Msg  5182 of 6421  at  3/4/2021 9:14:19 AM  by

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Electric vehicle stock sell-off called 'massive' buying opportunity.....Seeking Alpha

 

Electric vehicle stock sell-off called 'massive' buying opportunity

Mar. 04, 2021 8:34 AM ETGeneral Motors Company (GM)By: Clark Schultz, SA News Editor44 Comments
  • Wedbush Securities tackles the question on if the parabolic run in the share prices of electric vehicles stock is over.
  • Analyst Dan Ives: "Our answer is emphatically that the EV party and transformation is just beginning as this industry is on the cusp of a $5 trillion market opportunity over the next decade. With GM (NYSE:GM), Ford (NYSE:F), and now Volvo (OTCPK:VOLAF) all jumping into the deep end of the pool on EVs it speaks to the massive pent up demand globally around EV technology on the horizon."
  • Ives notes that EV penetration is only 3% today globally and says the firm forecasts it will go to 10% by 2025 with a green tidal wave on the horizon.
  • From a stock perspective, Wedbush thinks the sell-off in EV land creates a massive buying opportunity to own the Chinese EV players like Nio (NYSE:NIO), XPeng (NYSE:XPEV) and Li Auto (NASDAQ:LI), as well as the leader of the pack Tesla (NASDAQ:TSLA) heading into the golden age of EVs.
  • All bullish roads on EV stocks lead back to China.
  • "We believe China could see eye popping demand into 2021 and 2022 across the board with Tesla's flagship Giga 3 footprint a major competitive advantage, as domestic players such as BYD, Nio, Xpeng, and Li also are also firing on all cylinders and just scratching the surface of the overall TAM in China," note Ives and team.


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5183 Re: Electric vehicle stock sell-off called 'massive' buying opportunity.....Seeking Alpha Stillwater Bob 1 3/4/2021 9:20:20 AM


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