Reported 6 months ago
The article discusses the potential best-performing EV stocks through 2030, focusing on Tesla and Rivian. Despite a challenging start in 2024 with slowed industry sales growth, Tesla is highlighted for its initiatives in self-driving vehicles, energy storage, and humanoid robots, making it a strong contender for long-term growth. On the other hand, Rivian, although facing challenges with negative gross margins and cash outflows, is working on cost-saving measures and has a strategic partnership with Amazon, positioning it as a speculative but potentially profitable EV stock.
Source: YAHOO