3 Best EV Stocks to Buy Now | TSLA vs NIO vs LCID vs RIVN

Joseph Hogue

Joseph Hogue

March 3rd, 2023

DESCRIPTION
Wonder which EV stocks to buy? Which electric vehicle stocks will 10X your money; Tesla, NIO, Rivian or Lucid Group? I'll review each and show you which stocks to buy now! Get up to 17 free stocks from moomoo (T&C Apply) here https://mystockmarketbasics.com/trymoomoo It has been a wild year for EV stocks, first surging in January only to plunge after quarterly earnings were reported last month. Shares of Rivian Automotive, RIVN, Lucid Group, LCID, and NIO all plunged on weaker profitability and production targets. Tesla was the only stock to rise following its earnings but then plunged after the Investor Day failed to meet expectations. Where do these EV companies stand now? Which is the better stock and the best valuation? I'll be reviewing two factors for each stock. First is the most recent quarterly earnings. Each of the electric vehicle companies reported their fourth quarter and full year results recently and it was a steamy pile of bad for everyone. It was a tough quarter for EV but more than just look at the numbers, I want to see how each company is managing the environment. There are common problems across the group and I want to invest in the companies that are dealing with them. I’ll also be looking for any longer-term strengths in each company, which might have a competitive advantage in the group to drive long-term profits. We'll then compare EV stock valuations to find the best stocks to buy now. Want to create the PERFECT Dividend Portfolio? Check this video out for the best stocks to put cash in your pocket! https://youtu.be/i94snQw6DG0 🤑 Get The Weekly Bow-Tie - my FREE weekly email newsletter sharing market updates, trends and the most important news! Market Updates for the Smart Investor! https://mystockmarketbasics.com/dailybowtie Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps. Moomoo is a financial information and trading app offered by moomoo technologies Inc. In the U.S, investment products and services on moomoo are offered by moomoo Financial Inc, member FINRA/SIPC. In Australia, financial products and services are available through the moomoo app are provided by FUTU securities (Australia) Ltd, an Australian Financial Service Liccensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC)The experiences of the influencer may not be representative of the experiences of other moomoo users. Any comments or opinions provided by the influencer are their own and not necessarily the views of Moomoo. Moomoo does not endorse any trading strategies that may be discussed or promoted here. This advertisement is for informational and educational purposes only and is not investment advice or a recommendation to engage in any investment or financial strategy.
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