EV News Hubb
Advertisement Banner
  • Home
  • Electric Vehicle Market
  • Electric Car
  • Electric Bikes
  • Contact us
No Result
View All Result
  • Home
  • Electric Vehicle Market
  • Electric Car
  • Electric Bikes
  • Contact us
No Result
View All Result
EV News Hubb
No Result
View All Result
Home Electric Car

Could Tesla Become A Trillion-Dollar Stock Again?

admin by admin
January 4, 2023
in Electric Car


Tesla was a trillion-dollar stock most recently in April, but it has lost over half of its value since. Amidst economic downturn and increasing competition in the electric vehicle sector, some analysts are questioning whether or not Tesla could become a trillion-dollar stock again in the future.

The trillion-dollar stock club currently only belongs to Apple, Microsoft, and Google-parent company Alphabet, according to a report from The Motley Fool. Since holding the title in April, Tesla’s stock has dropped in value more than 60 percent, and bulls and bears both have their own versions of what the tech-forward automaker’s future could hold.

Tesla is largely responsible for bringing the electric vehicle into the public eye by introducing the Roadster as a potential option for buyers with sufficient battery range, speed, and acceleration; and then later on the Model S. Now the company has a lineup of somewhat-affordable EVs for consumers, causing most legacy automakers to start scrambling to catch up.

Legacy automakers are beginning to catch up, though Tesla still held a whopping 64 percent of the EV space’s market share by the end of Q3 in the USA. Although, that will slowly drop as more and more EVs become available to consumers, as evidenced by a drop from 75 percent in the first quarter of 2022. Nonetheless, Tesla may be well-poised to handle the oncoming wave of new EV options.

Looking globally, the Tesla Model Y and Model 3 combined for more than 1 million sales in the first 11 months of 2022, the Model Y achieving ~675,000 on its own. By contrast, the Ford Mustang Mach-E had 68,887 sales in the same time period.

20 Top Selling EVs in the World — January–November 2022

Some think GM and Ford could surpass Tesla’s EV market share, in the US at least, including analysts at Bank of America. Tesla’s market share is currently projected to fall just 11 percent in North America by 2025, and onlookers predict EVs to represent around 10 percent of all cars in just a few years.

Although Tesla’s stock would need to triple in value to hit a one-trillion-dollar valuation again, it certainly isn’t out of the question according to The Motley Fool’s Rich Duprey. Emphasizing the long term, Duprey notes that Tesla still has “plenty of opportunity for growth,” adding, though, that investors may need to wait several years if they hope to see a trillion-dollar value unfold. We will see.

Originally posted on EVANNEX. By Peter McGuthrie.

 

Complete our 2022 CleanTechnica reader survey for a chance to win an electric bike.

 

 

 

Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.

 


Don’t want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

 


Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.


Advertisement

Advertisement Banner

 






Source link

Previous Post

Black Friday and Cyber Monday Electric Bike Deals 2022

Next Post

Twitter Files reveal FBI’s role as “belly button”

Next Post

Twitter Files reveal FBI's role as "belly button"

Volvo C40 Recharge Review — 1st Impressions

Advertisement Banner

Recommended Post

Rad Power Bikes RadCity 5 Plus Review, 2023

by admin
January 30, 2023
0

Charged EVs | DLR Institute leads project to research calcium-sulfur battery technology

by admin
January 30, 2023
0

Arrival names new CEO but halves staff in fight for Van production

by admin
January 30, 2023
0

Next-Gen Audi A8 EV’s Design “Very Close” To Grandsphere Concept

by admin
January 30, 2023
0

Mustang Mach-E prices, Audi electric off-roader, Tesla’s California lead: Today’s Car News

by admin
January 30, 2023
0

American EV owners save more money in winter than any other country

by admin
January 30, 2023
0

Tesla Stock vs. Amazon Stock In 2023

by admin
January 30, 2023
0

E-bike News: VanMoof bailout, Subsidies for E-bikes are More Effective than ZEVs

by admin
January 29, 2023
0

© 2022 EV News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Electric Vehicle Market
  • Electric Car
  • Electric Bikes
  • Contact us

Newsletter Sign Up

  • Home
  • Electric Vehicle Market
  • Electric Car
  • Electric Bikes
  • Contact us

© 2022 EV News Hubb All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In