Electric car stocks to buy for share price appreciation currently do not include any of the start-ups that have chased Tesla, Inc. (NYSE:TSLA) into competition only for the would-be rivals to falter in their pursuit.
Plus, the company’s Chairman Robyn Denholm, who succeeded its founder and CEO Elon Musk in that role last December after serving as an independent director on the company’s board since 2014, provided an update on Oct. 25 at the annual Baron Investment Conference in New York before thousands of the mutual fund firm’s clients. Ron Baron, chief executive officer and chief investment officer at Baron Funds, is an avowed fan of Tesla and its visionary leader Elon Musk.
Key points offered by Denholm included Tesla rapidly developing new vehicles, becoming an unquestioned world leader in battery production and cutting the price of a battery from more than $100,000 per car 10-15 years ago to less than $10,000 now. Those new vehicles included a Tesla Semi tractor-trailer for long-haul transportation, a pickup truck and a second-generation Roadster, which the company expects to start selling next year as the “quickest” car in the world with record-setting acceleration, range and performance.
Is Tesla One of the Electric Car Stocks to Buy?
Tesla turned in its second consecutive profitable third quarter to show staying power, while its rival start-up electric car companies hit the proverbial skids. In its recently closed third quarter, Tesla’s earnings per share of $1.86 fell from $2.90 in the prior year but finished well above the 46-cent loss predicted by a consensus of Wall Street analysts.
Paul Dykewicz interviews Hilary Kramer, whose new 2-Day Trader service is 18 out of 21 in recommending profitable trades averaging 11.99 percent returns since its launch.
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Paul Dykewicz, www.pauldykewicz.com, is an accomplished, award-winning journalist who has written for Dow Jones, the Wall Street Journal, Investor’s Business Daily, USA Today, the Journal of Commerce,Seeking Alpha, GuruFocus and other publications and websites. Paul is the editor of StockInvestor.com and DividendInvestor.com, a writer for both websites and a columnist. He further is the editorial director of Eagle Financial Publications in Washington, D.C., where he edits monthly investment newsletters, time-sensitive trading alerts, free e-letters and other investment reports. Paul previously served as business editor of Baltimore’s Daily Record newspaper. Paul also is the author of an inspirational book, “Holy Smokes! Golden Guidance from Notre Dame’s Championship Chaplain,” with a foreword by former national championship-winning football coach Lou Holtz. Follow Paul on Twitter @PaulDykewicz.
