Electric vehicle stocks to purchase feature Tesla (NASDAQ:TSLA) and established dividend payers.
The electric vehicle stocks to purchase feature Tesla and include dividend payers such as unglamorous auto parts makers on one end and original-equipment manufacturers (OEMs) at the other. Tesla and its ultra-innovative uber-entrepreneur Chief Executive Officer Elon Musk are leading the way into the electric vehicle (EV) industry’s future with other stocks drafting behind them.
Non-dividend-paying Tesla is raising billions of dollars to keep funding its growth in a stark rebound from just a couple of years ago, when many critics predicted that the company would go bankrupt. However, income-loving investors looking to identify the top electric vehicle stocks to buy have an assortment of ways to ride the technological fast track with Tesla and its visionary leader.
Columnist Paul Dykewicz interviews money manager Hilary Kramer, whose premium advisory services include IPO Edge, 2-Day Trader, Turbo Trader, High Octane Trader and Inner Circle
Electric Vehicle Stocks to Purchase Feature Tesla
Musk’s role as an advocate for electric vehicle stocks to purchase not only features Tesla, his own company, but gives a boost to its competitors. A key question is whether the current valuation of Tesla and other electric vehicle (EV) stocks is overheated compared to the stocks of conventional internal combustion-engine vehicle manufacturers.
Tesla backers should be pleased by BoA Global Research racketing up its forward estimates and price target to $900 from $500 for Tesla on Jan. 11, following rising fourth-quarter deliveries. The 80% boost in BoA’s price objective is partly due to Tesla announcing a $5 billion equity distribution agreement in December 2020 to corroborate the investment firm’s view that the EV manufacturer and lithium battery maker would use its stock to raise low-cost equity. Tesla adopted the same strategy to raise $5 billion in low-cost equity last September.
Pension fund and Retirement Watch head Bob Carlson answers questions from Paul Dykewicz prior to COVID-19-related social distancing
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Paul Dykewicz, www.pauldykewicz.com, is an accomplished, award-winning journalist who has written for Dow Jones, the Wall Street Journal, Investor’s Business Daily, USA Today, the Journal of Commerce, Seeking Alpha, GuruFocus and other publications and websites. Paul, who can be followed on Twitter @PaulDykewicz, is the editor of StockInvestor.com and DividendInvestor.com, a writer for both websites and a columnist. He further is editorial director of Eagle Financial Publications in Washington, D.C., where he edits monthly investment newsletters, time-sensitive trading alerts, free e-letters and other investment reports. Paul previously served as business editor of Baltimore’s Daily Record newspaper. Paul also is the author of an inspirational book, “Holy Smokes! Golden Guidance from Notre Dame’s Championship Chaplain,” with a foreword by former national championship-winning football coach Lou Holtz. The book is great as a gift and is endorsed by Joe Montana, Joe Theismann, Ara Parseghian, “Rocket” Ismail, Reggie Brooks, Dick Vitale and many others.
