Tesla, Arcimoto, and Kandi Are Promising Growth Stocks in the Vehicles Industry
13.07.2020, 06:17

Tesla, Arcimoto, and Kandi Are Promising Growth Stocks in the Vehicles Industry

Majority of electric vehicles in the industry intend to develop a new generation of the smart vehicles that rely on solar energy and hybrid technology. Moreover, new sophisticated self-driving technologies open the path for many new companies to be involved. The giant Tesla has testing and developing many vehicles on street. Arcimoto and Kandi take the same path of inventing new innovative and smart vehicles.

Tesla Inc, NASDAQ: TSLA designs, develops, manufactures and sells fully electric vehicle powertrain components, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. Tesla Inc owns its sales and service network and sells electric powertrain components to other automobile manufacturers. The company was founded by Martin Eberhard and Marc Tarpenning as Tesla Motors in 2003. Jeffrey B. Straubel, Elon Reeve Musk and Ian Wright were co-founders of the company. It has market cap of $286.496 billion, with the revenue trailing twelve months (TTM) of $26.02 billion. TSLA closed at $1,544.65 with gain of $150.37 (+10.78%). For the Tesla technical analysis forecast, the average 52 weeks expected price is $1548.915. For the long-term investment of 5-year, TSLA revenue is expected to target $4237.215. Tesla is now close to be included in the S&P 500 index due to its vast and rapidly growing market cap. However, short positions in Tesla shares are still rising in the short term and may top $20 billion, thus, becoming a solid candidate for a short squeeze that can help the stock to rally even higher. 

Arcimoto Inc, NASDAQ: FUV, engages in the design, development, manufacture and sale of electric vehicles. It also involves in building products that catalyze the shift to transportation system. The company was founded by Mark Frohnmayer on 2007. The market cap of Arcimoto is $195.151 million, with the revenue trailing twelve months (TTM) of $1.6 million. FUV close at $7.1, based on 4 analyst, Arcimoto Inc forecast shows an enlarge expectation for 12-month analysis, with a median price of $7.9. The high price target for FUV is $ 8.89 and a lower estimate of $5.

Kandi Technologies Group Inc, NASDAQ: KNDI, engages in the development, manufacture and trade of vehicles. Its products include electric cars, tricycles and tractors. The company was founded on 2004 and is headquartered in Jinhua, China. The revenue (TTM) of Kandi Technologies Group Inc is 124.05 billion, with a market cap of $ 251.03 million. KNDI gain profit of $0.14 (+2.84%) and close at $4.88. For the 12 months forecast, KNDI is expected to target $5.569. 5-year Kandi Technologies Group Forecast is $42.314. 

  • Name: Hussain Shabbir
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