What are the best car stocks for your investment? Somtimes, the answer is right in front of you with the names you already know.
The automotive industry brings a wide range of possibilities when you’re looking for a great place to watch your money grow. This industry has been around for more than 100 years and new electric vehicle companies are popping up every year. With that in mind, here are the best car stocks to buy right now.
Tesla (TSLA)
Tesla continues to offer some of the best returns in the automotive world. Currently, only four passenger vehicles wear the Tesla badge, but the new Cybertruck is on the way. Additionally, Tesla has recently begun to offer electric semi-trucks to the mix, giving some companies a great way to handle regional deliveries. If you’re looking for the stock that has performed well over the past few years, Tesla is a great company for you to invest your money whether you want to invest for the short or long term.
General Motors (GM)
General Motors is one of the oldest American automotive names. This cornerstone company could be the perfect company for you to see your money grow for a long time. GM is heavily invested in electric vehicles while continuing to offer a selection of impressive gas and diesel-powered models as well. One of the best car stocks for your investment is General Motors. This is the parent company of several names that you know including GMC, Cadillac, Chevrolet, and Buick.
Ford Motor Company (F)
One of the best automotive companies for your investment is Ford. You know Ford has been around for a long time when you realize the founder, Henry Ford, is the inventor of the moving assembly line. From the Model T to the current lineup with the Ford F-150 Lightning and Mustang Mach- E electric vehicles, this company has been incredibly influential in the automotive industry. As strange as it might sound, Ford is also one of the most affordable stocks for you to buy. This means you could receive several shares of Ford without spending a lot.
Ferrari N.V. (RACE)
Another classic name that could be one of the best car stocks for your investment is Ferrari. This is a name we know for the amazing high-performance machines offered for the past several decades. Most recently, Ferrari became one o the last brands to enter the SUV world with the upcoming Purosangue. If you’re looking to be an owner of one of the most prominent racing brands in the world, you’ll be glad to park your money with Ferrari and watch it grow.
Rivian Automotive Inc. (RIVN)
A relative newcomer to the automotive world, Rivian could be a great company for you to get in early and enjoy the growth offered with this new electric vehicle company. If you’re looking for adventure vehicles for some off-road fun while still driving an EV, Rivian has you covered. Of course, this is what they offer for most owners, but Rivian is also building electric vans for Amazon and other delivery services to bring packages to global customers. Will you become a part owner of Rivian?
Stellantis N.V. (STLA)
Stellantis is currently the parent company of several brands we all know and admire. This company is where you find Ram, Dodge, Chrysler, Jeep, and Fiat to name several of the brands. If you’re looking for one of the best car stocks to invest into, Stellantis could be perfect. This company is working hard toward the future of electric vehicles with new models coming out in the next few years. Stellantis also offers some impressive commercial vehicles and mobility solutions for your regular needs.
Nio Inc. (NIO)
Nio is one of the most prominent electric vehicles companies based in China. While some Americans have a negative view of all things Chinese, Nio could be a good company for you to put your money and watch it grow. China has gone further than any other country into the growth and development of electric vehicles and Nio is one of the leaders in this arena. Nio builds smart electric cars and offers energy and service packages to it customers to help make these cars easy to use and live with.
These seven companies are the best car stocks for you to buy and invest in right now. If you’re looking for financial growth opportunities, these companies make a lot of sense.
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