One EV Stock to Consider and One to Avoid

Electric vehicle stocks have witnessed a deep correction in the last few quarters, but the long-term potential for EV makers remains attractive due to increased adoption in many countries. It is believed that by 2030, EVs will represent more than 60% of vehicles sold globally. In other words, Global EV penetration is expected to increase from 14.7 in 2022 to 44.8% by 2030.  

Anyone optimistic about the EV revolution and looking to add to their EV maker positions would do well to be cautious. Amid increasing competition in the space, certain EV companies could struggle to recover from headwinds like overvaluation, supply chain concerns, and inflation. The wrong EV stock could prove to be like portfolio poison. In the following article, we’ll take an in-depth look at one stock to avoid and one to consider ahead of a potentially rocky turnaround for EV makers. 

Banyan Hill:

The Forever Battery: Making Gas Guzzlers Obsolete

Only 2% of cars sold in the U.S. today are electric vehicles… but that’s about to change — FAST.

A new battery breakthrough is ready to hit the market. It could revolutionize the $2 trillion automotive industry … and could soon make gas guzzlers obsolete.

This technology is predicted to cause a 1,500% surge in electric vehicle sales over the next four years.

The company pioneering this new battery could be the investment of a lifetime.

[Full Story…]

Li Auto Inc (LI)

For Q3 2022, Li Auto delivered 26,524 vehicles. Despite inflation headwinds, Li reported an operating cash flow of $71.4 million. The company closed Q3 2022 with a solid cash position of $7.85 billion,  providing ample financial flexibility for aggressive retail expansion this year. All signs point to an acceleration in vehicle deliveries through 2023.  

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Highly Recommended:

This “peeing car” is at the center of an $11.7 trillion energy revolution

Goldman Sachs says this will be 10X bigger than the electric vehicle market.

Elon Musk terrified. Tesla could be finished. But early investors could make a fortune.

[Click here to learn more. >>]

Lucid Group Inc (LCID)

Lucid shares are down more than 80% since the November 2021 ATH, and there’s little to indicate that the stock will rebound. The company produced only 7,180 vehicles in 2022 and managed to deliver only 4,369 of them. Lucid continues to be unprofitable, and analysts are expecting that to continue into 2023.

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Stock Picks:

Buy this $5 Stock ASAP!

After nearly a decade of research and development…

Apple is preparing to unveil a brand-new device unlike anything it’s ever attempted before… code name: Project Titan.

It could be 10X bigger than the iPad, the MacBook and the iPhone combined…

This tiny $5 tech company is perfectly positioned to help Apple make it all possible.

[Click here to get the full story behind Project Titan, plus details on the $5 stock that could soar 40X once this revolutionary Apple device goes live! >>]

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