Do you think that 2020 was the best year for Electric Vehicles and their shares in the market? Think again. There is going to be a blast of profits in the year 2021. Let’s dig into the details.
We all saw an incredible increase in the usage of electric vehicles in 2020. The electrical industry is based on those companies that are manufacturing electric cars, electrical and commercial automobiles, vans, and trucks. Tesla, Eorkhorse Group Inc, Arcimoto are developing, growing and getting profits by leaps and bounds. For instance, in the year 2020, Russell 1000’s gross total return had been 21.2%. Tesla Inc. had a 21.8% price-to-sales ratio. In 2021 they are growing higher and are estimated to gain more benefits from manufacturing electric vehicles.
When the companies invest dollars into manufacturing, they must know what will be the outcome. To reach profitability, you have to be cautious about making the right investments. Elon Musk is the founder of Tesla. This company is making huge gains making Elon the richest man in the world. Let’s ponder over the 3 top Electrical Vehicles stocks for 2021:
1: Tesla Inc. : (NASDAQ: TSLA)
When Elon Musk added Tesla to the S&P 500 index, Musk’s net profits abruptly pushed to the sky. The recorded total net worth of Elon musk was $60 billion. It’s now the largest publicly traded company and comes at the sixth position in the US. It will not slow down in making profits. It’s worth $834 billion even now. Just think about where it is going. All the competitors, including Johnson & Johnson, Berkshire Hathaway, Walmart, are left far behind. Tesla is going to be more profitable this year. Today Elon Musk’s net worth is 190 billion dollars approximately, $22 billion in 2019.
2: Nio Inc : (NYSE: NIO)
Nio knows how to grab the best opportunities in the stock market by making the right moves. It’s fast and furiously speedy EP9 supercar has blown the shadows of bankruptcy with a BOOM. Nio Inc. manufactures family-friendly high-performance electrical vehicles such as Sedans. It was facing difficulties at the start of 2020 when it’s share price was just $3.24. Due to making swift strategy moves, it’s going to become an electrical superstar manufacturer pretty soon.
When it launched the “Battery-as-a-service” platform and the Chinese invested in multi-billion-dollars, its stock started trading higher at the stock market, having a massive increase of 160.4%. Currently, Nio’s share price is $7.00 and has a market cap of $813 billion. IN short, Nio Inc. is an innovative electric vehicle manufacturer, growing higher, showing large-scale future growth potential.
3: Facedrive: (FDVRF)
Facedrive is delivering its services to provide the customers with a virtual gallery of electric vehicles. It has established an electric vehicle subscription service in the United States of America. Moreover, The “EV on-demand” subscription allows the customers to ride in Audis, Teslas, Porsches, and many other vehicles daily. They can ride in a new car every day. Just order with a click, and the car will be delivered at your doorsteps; open the door and dive into your new car. Don’t worry about maintenance and insurance. It’s Eco-friendliness, easy usage, and convenience makes it the best choice for consumers. Ultimately increasing its share price in the US share market.