Tesla (NASDAQ:TSLA) could get the call at anytime from S&P for its inclusion in the S&P 500 Index. While that development may already be baked into Tesla's share price, the S&P inclusion could throw a spotlight back on the sizzling EV sector.
Those companies looking to make a splash in EVs include:
- Nikola Motors (NASDAQ:NKLA),
- Nio (NYSE:NIO),
- Fisker (NYSE:SPAQ),
- Rivian [private],
- Kandi Technology (NASDAQ:KNDI),
- Workhorse Group (NASDAQ:WKHS),
- Argo AI (backed by Ford (F)),
- Plug Power (NASDAQ:PLUG) and
- Alibaba (NYSE:BABA)-backed Xpeng Motors (NYSE:XPEV).
Of course, major automakers like BMW (OTCPK:BMWYY), Nissan (OTCPK:NSANY), Ford (F) and Volkswagen (OTCPK:VWAGY) are also investing heavily in EVs, while General Motors (NYSE:GM) plans for an all-electric portfolio that will include a Cadillac Lyriq, GMC Hummer, Chevrolet battery-electric pickup and two new Buicks SUVs.
A catch-all investment that also includes AV/EV tech providers like Nvidia (NVDA), Microsoft (NASDAQ:MSFT) and Qualcomm (QCOM) is the
Global X Autonomous & Electric Vehicles ETF (NASDAQ:
DRIV), which is up 7.76% YTD.
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