Electric Car Stocks Checked

Electric cars: The ratings of the manufacturers of battery-operated vehicles have in some cases reached astronomical heights. Which investors should better stay away from, which belong in the depot.

The US carmaker Rivian seized the opportunity: Shortly before going public on November 10, it increased the price range of its papers by around a quarter to 72 to 74 dollars. On the first day of trading, the stock opened at a price of $ 106.75 and was suddenly worth $ 90 billion. More than, say, the long-established auto giant General Motors. At its peak, the company’s value climbed to $ 150 billion.

Traditional automakers rub their eyes in amazement at these reviews. Just a few years ago, such amounts would have been unthinkable for auto start-ups. But the industry is changing, the trend is clear: The automotive industry is electrified. Billions in funding for the vehicles and the associated infrastructure ensure that they continue to pick up speed: According to a study by PwC, the number of electric cars sold in 14 major markets around the world more than doubled in the third quarter. The management consultancy assumes that in Europe the proportion of vehicles with alternative drive will soon catch up with that of conventional ones.

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Electric Car Stocks Checked - /10

Summary

Electric cars: The ratings of the manufacturers of battery-operated vehicles have in some cases reached astronomical heights. Which investors should better stay away from, which belong in the depot.

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