Why Lucid, Canoo, and QuantumScape Stocks Are Sizzling Today
Shares of electric vehicle (EV) stocks scored strong gains in afternoon trading on Thursday, with luxury EV maker Lucid Group (NASDAQ: LCID) gaining 3.2%, battery researcher QuantumScape (NYSE: QS) tacking on 4.8%, and electric van, truck, and SUV start-up Canoo (NASDAQ: GOEV) ripping 18.3% higher through 1:35 p.m. ET.
Tesla is the reason, but in a curious manner.
In a new report released earlier this week, Bank of America forecast that as more and more companies begin manufacturing and selling electric vehicles, Tesla's share of the EV market in the U.S. -- which hit a high of 78% in 2018, but has been sliding since (to 62% last year, then 54% earlier this year) -- will quickly erode.
Source Fool.com
Tesla Inc Stock
€168.20
0.050%
Our community is currently high on Tesla Inc with 56 Buy predictions and 27 Sell predictions.
With a target price of 242 € there is a positive potential of 43.88% for Tesla Inc compared to the current price of 168.2 €.
