Shares of Tesla and other EV stocks are surging and could see more to come. I'll show you why TSLA and electric vehicle stocks are breaking out and which stocks to buy now. I've found the NEXT Nvidia. In fact, Nvidia is buying these 5 Stocks Right Now. Make sure you buy them first! • 5 Stocks to Buy Now BEFORE Nvidia Buy...
Shares of #Teslastock are up 37% in just the last two weeks with Rivian up 39% and other #evstocks all getting a boost from strong second quarter sales. Nearly every car maker from Tesla to GM to Rivian and Ford reported surprisingly strong EV sales. It’s leading to short squeezes and jumping share prices across the industry with more upside to go.
Even after the recent 37% bump, shares of Tesla are still down 10% over the last year and 35% from its 2021 peak. EV truckmaker Rivian is down 41% and ChargePoint, while up 34% in just two weeks, is still down 80% over the last year. Another charging stock, EVGO, is up 12% since I highlighted it two weeks ago as a prime short squeeze candidate still has more than 32% of the available shares shorted. These stocks are still trading at a discount and you still have time to buy before they takeoff again. I'll show you which #stockstobuynow along with the #stockstowatch this week and stock market news you need to see.
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0:00 Tesla and EV Stocks to Buy in 2024
1:46 EV Stocks Surge off the EV Stock Crash
2:48 Why is Tesla Stock Higher?
4:04 EV Stocks to Buy Now for 2024
7:26 Should You Buy Tesla Stock?
8:38 Stocks to Watch this Week
11:57 Stock Market News this Week
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 dividend stocks, investing and ways to make 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.
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