In fact, their share price hit a five-year high in June.ĭespite this growth, their price-to-earnings ratio is still less than 10. GM stock has been on the way up in the first half of 2021. On top of that, they recently announced that they will be launching their own electric vehicle charging service, called Utium Charge 360. They’ve also partnered with Nikola on their Badger vehicle, which will be a fully electric pickup truck. GM and its subsidiaries already have electric vehicles on the market, most notably the Chevrolet Bolt. This has included a newfound focus on hybrid and all-electric vehicles.Įarlier in 2021, they announced that they are planning to be entirely emissions-free by 2035. Over the last decade, GM has taken huge steps to be more environmentally friendly. GM owns several successful car brands, most notably Cadillac, Chevrolet, Buick, and GMC. They were founded in 1908 and are based in Detroit, Michigan. General Motors is one of the world’s most well-known manufacturers of vehicle parts. Tesla remains a popular stock to buy and hold for the long run. Musk is a very controversial figure, and his behavior often has a direct impact on the stock’s price.ĭespite Musk’s sometimes-incendiary behavior and stiff competition from other EV manufacturers, Tesla remains on top of the EV market. Tesla’s biggest liability is also their biggest asset: CEO Elon Musk. The company already announced that they made record delivery numbers this quarter, which should result in huge earnings numbers. If this earnings report goes according to plan, it could push Tesla stock back up again. However, they are expected to announce their Q2 earnings shortly. Tesla’s share price has gone down slightly after hitting a peak in January. They are already producing their latest car, the Model Y, in China. They are expanding their global footprint and will likely expand their sales into China in the future. In the past, Tesla has catered to the luxury consumer, but this could change as they expand their operations. In addition to cars, they also create solar energy products and rechargeable electric batteries. One of the things that helps Tesla stay profitable is their diverse business model. They are currently the most valuable car producer in the world and have been added to the S&P500. No other electric car brand comes close to Tesla’s name recognition or its market share. Investors have been very keen on Tesla over the past few years, and for good reason. They have released four newer models in the years since. They released their first model, the Roadster, in 2008. Tesla led the market in the development of electric vehicles. Tesla is run by world-renowned businessman Elon Musk. They are currently based in Silicon Valley, where they produce electric cars and a number of other clean energy products. is one of the most well-known electric car companies in the world. We’ve rounded up the best electric car stocks to add to your portfolio as this industry continues to grow. There are many companies around the world that are involved in the production, distribution, and even car transport of electric vehicles. The best electric car stocks could see rapid growth as the industry booms. It's possible that the Apple car will be based on the E-GMP electric-vehicle architecture developed by Kia's corporate sibling Hyundai ( OTC:HYMTF).This new technology will be used to combat climate change and reduce our reliance on fossil fuels. Originally thought to be a self-driving taxi, more recent reports hint that the Apple vehicle will be a somewhat more mainstream electric car - possibly with some self-driving technologies - that will be thoroughly integrated into the existing Apple device ecosystem. The initial production target is 100,000 vehicles per year starting in 2024, according to the report, with the potential to expand to a maximum of 400,000 per year.Īs part of the deal, Apple will invest 4 trillion Korean won ($3.6 billion) in Kia, per the report.Īpple's long-running project to develop a car has been the subject of rumors for years.
The paper, Seoul-based Dong-A Ilbo, reported that Kia and Apple are close to a deal under which Kia will build Apple's long-rumored electric car in its factory in West Point, Georgia. John has been writing about the auto business and investing for over 20 years, and for The Motley Fool since 2007.įollow of Korean automaker Kia Motors surged after a major South Korean newspaper reported that Apple ( NASDAQ:AAPL) will invest $3.6 billion in Kia as part of a deal to build Apple cars in Kia's U.S. John Rosevear is the senior auto specialist for.
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