Shares of four electric vehicle stocks are soaring today . . .
Adding to triple-digit gains in 2020.
Several automakers just reported delivery numbers for the fourth quarter. And they’re showing stronger-than-expected demand for EVs.
Tesla Motors delivered 181,000 vehicles in the final three months of 2020. That was a bit ahead of the 176,000 expected by Wall Street analysts.
Plus, three Chinese EV companies also exceeded expectations. NIO, XPeng and Li Auto were expected to deliver 38,000 EVs. Yet the EV companies beat this estimate by delivering 45,000 electric vehicles.
Shares of these EV stocks rose 3% to 11% in trading on Monday.
These stocks were already top performers in 2020 with gains of:
- 151% in Li Auto (NYSE: LI)
- 186% in XPeng (NYSE: XPEV)
- 743% in Tesla Motors (NASDAQ: TSLA)
- 1,112 % in NIO (NYSE: NIO)
These EV companies are seeing huge demand from China.
The Chinese EV market is “white hot” – according to a new report from Wedbush Securities. And the report explains why 2021 could see considerable growth.
Wall Street analysts expect Tesla’s deliveries to jump to 790,000 for 2021.
That’s a 58% increase from the roughly 500,000 vehicle deliveries last year!
It’s clear that the EV revolution is happening now. And this sector of the auto market could see rapid growth for the next decade.
That’s why I’m bullish on new EV companies that are going public.
Existing and established players like Tesla and XPeng have already seen their share prices soar. And chasing these stocks at rich valuations can be risky.
That’s why I’m focused on new EV industry players that are going public. Because it creates an opportunity to buy shares BEFORE the stock price takes off (go here for details).
One of my favorite new EV stocks is expected to IPO before March.
The company is making next-generation lithium-ion batteries. They could be used by automakers around the world . . . and also used to power buses, trucks and other commercial vehicles.
Private equity and venture capital firms have already invested over $425 million in capital in this PRIVATE EV battery stock.
Wall Street is now lining up to invest $475 million in a Pre-IPO financing.
This EV stock plans to IPO in early 2021.
That’s why I’m hosting an urgent briefing on urgent situation.
Yours in Wealth,