Best EV Stocks to buy in 2022: Which is the best?

Best EV Stocks to buy in 2022: Which is the best?

Uncategorized US Stocks
December 26, 2021 by Mitchell Jhon
16
Here is a comparison of the Best EV Stocks to buy in 2022 Best EV Stocks to buy in 2022: Stock performance over time Stock Name 1 day 5 day 1 Month 1 Year Lucid 1.79% -5.95% -26.20% 285.84% Ford 2.70% -4.05% -0.30% 124.03% Nio -1.03% -4.30% -29.00% -36.50% Tesla 70.34% 1.45% -9.03% 56.18% Best

Here is a comparison of the Best EV Stocks to buy in 2022

Best EV Stocks to buy in 2022: Stock performance over time

Stock Name
1 day
5 day
1 Month
1 Year
1.79%
-5.95%
-26.20%
285.84%
2.70%
-4.05%
-0.30%
124.03%
-1.03%
-4.30%
-29.00%
-36.50%
70.34%
1.45%
-9.03%
56.18%
Best EV Stocks to buy in 2022: Which is the best?

Best EV Stocks to buy in 2022: Technical Parameters for Each Stock

Stock Name
Lucid Group
Market Price (22.12.2021)
38.7
20.14
29.85
1008.87
Pivot Points
38.03
19.58
29.69
921.38
Support
34.15(S3)
18.91(S3)
28.11(S3)
849.88(S3)
Resistance
39.31(R1)
19.83(R1)
30.30(R1)
1010.02(R30
Moving Average (50 days EMA)
39.46
18.6
36.23
989.45
Moving Average (200 days EMA)
29.06
14.97
37.67
801.13
RSI(14)
43.28
54.87
36.64
50.05
MACD(12,26)
-0.48
0.38
-2.35
-24.66
ADX(14)
28.457
18
60.104
29.27
ROC
-20.058
1.308
-17.54
-7
Recommendation
Sell
Buy
Sell
Buy

Best EV Stocks to buy in 2022: Financial Parameters for Each Stock

Stock Name
Lucid Group
Ford Motors
Nio Inc
Tesla Inc
Earnings Per share
-0.43
0.51
-0.06
1.86
Revenue
232 K
35.68 Billion
1.52 Billion
13.76 Billion
Net Income
(524.40  Million)
1.83 Billion
(441.93 Million)
1.62 Billion
Profit Margin
-226035.78%
5.13%
-29.16%
11.76%
Total Assets
6.14 Billion
252.68 Billion
10.68 Billion
57.83 Billion
Total Liabilities
1.29 Billion
215.97 Billion
6.39 Billion
29.34 Billion
Debt to Assets
21.08%
85.47%
59.81
50.73%
Operating Cash Flow
(736.79 Million)
7.01 Billion
335.83 Million  
3.15 Billion
Investing Cash Flow
(299.29 Million)
(1.17 Billion)
(2.1 Billion) 
(1.85 Billion)
Financing Cash Flow
5.23 Billion
(1.22 Billion)
 (1.32 Billion)
(1.38 Billion)

Best EV Stocks to buy in 2022: Evaluation of each of the 4 Companies

1. Lucid Group

Lucid Group is hottest EV stock of the year. Lucid valuations skyrocketed within months after going public in June this year. Lucid has delivered on its promises and its first cars- the premium Lucid Air Dream Edition was delivered within the promised timeline and has a battery rating that beats Tesla. The company also bagged 2022 Motor Trend Car of the year award. Lucid also made it to the Nasdaq 100 index in December 2020.

Definitely there is element of risk while investing in Lucid but its cars are already out there on roads to see and it will soon start reporting revenue from fourth quarter. Lucid is planning to launch SUV gravity in 2023 and has global expansion plans that cannot be denied. Sky is the limit for Lucid if it comes clean from SEC probe which was launched in December 2021

The Lucid Air Is a Tesla-Rivaling Luxury Performance Sedan

2. Ford Motors

While Lucid and Rivian are startups and they may be risky investments, Ford is a much safer bet. Ford has launched an EV version of the F 150.

While Ford has the F 150 truck, it also has the Mustang Mach-E SUV and the E transit cargo van. Among hybrid vehicles, there is Escape SE compact crossover. Ford is witnessing increase in demand for F-150 Lightning pickup trucks and revealed it has already 200,000 reservations as of Dec.3 and has sold 22,000 units of Mach- E year to date.

Definitely, Ford is not pure play EV company like Lucid and Rivian but Ford is ready to scale its EV production and has expertise to scale and that’s critical for growth of any industry especially considering EV market is very competitive and a new EV is coming almost every day.

Ford F150 Lightning Impressions: Better Than I Thought!

3. Nio Inc

Ford and Lucid are primarily focused in US market where 328,000 electric vehicles were sold in 2020. But in comparison, 1.25 million electric vehicles were sold in China in 2020. NIO is a Chinese company.

How NIO Plans To Beat Tesla In China

Recently, on Dec 18, Nio unveiled mid-sized sedan, the ET5, and it comes with Nio’s latest autonomous driving technology. Nio has already started taking bookings for ET5 and promises to deliver it in September 2022. Also, its fourth flagship vehicle, ET7 sedan will be delivered by March end 2022 and its order booking will start in January. Both ET5 and ET7 comes with battery swapping and that gives buyers the option to buy a car at lower price and then subscribe to plans to charge and battery swap at Nio swapping station when needed.

There is lot to like about Nio Inc but its plan to enter outside China, in Germany and Netherlands in 2022 and ET5 and ET7 could potentially be path breaker for Nio, and can set new set of growth for Nio Inc.

4. Tesla Inc

It is important to understand that circumstances under which Tesla was created is totally different from present conditions and that makes life difficult for newer entrants like Lucid and Rivian’s. Tesla has had a headstart and a market share of 65%.

Which Automakers Can Seriously Challenge Tesla?

Best EV Stocks to buy in 2022: Conclusion

  • A long term investor looking for EV stock should first bet on Tesla, simply because in the near term no company is likely to beat Tesla. Further, Tesla is a BUY with very strong bullish trend and very strong financials.
  • Ford with its long automobile experience would be rated 2nd. The beautiful F-150 truck will ensure that it does not go out of market in coming decades.
  • Nio and Lucid are risker bets with little revenue to show in their balance sheet and a negative profit margin till today.

That said, a combination of all 4 stocks with bulk in Tesla, less than a quarter in FORD and less than 10% each in Nio and Lucid would be quite efficient

-Vineet Agarwal

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions.

Add a comment