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- 1 Tesla, Inc (TSLA) stock price surged over 30,000 percent since its IPO registration.
- 2 Lucid Group, Inc. (LCID) stock lost 48.13% of its trading value in the maximum time frame.
- 3 Nio, Inc. (NIO) stock price surged more than 19% in the past 5 years.
- 4 ChargePoint Holdings, Inc. (CHPT) stock lost 50% of its trading price in the maximum time frame.
EV stocks have shown an impressive surge in the market in the past few years. As per market observers and analysts, companies working in the EV industry will definitely be listed among the leading companies in the world.
Tesla, Inc. (TSLA) Stock Price Analysis
Tesla, Inc. (TSLA) has become the fastest-growing company in the EV industry. At the time of writing, TSLA stock was trading at $246.99. Moreover, it is essential to note that in the maximum time frame, it surged over 19,196.09%.
In the past 5 years, TSLA stock price rose over 1,299.38%; the surge is believed to be entirely influenced by the growing EV revolution globally. Since it filed its IPO, Tesla, Inc.’s market capitalization surged over 30,000 percent.
At the time of writing, Tesla, Inc. (TSLA) market capitalization was $783.94 Billion. Data from companiesmarketcap(dot)com states that the company’s market cap rose more than 101% in 2023 compared to that in 2022.
Lucid Group, Inc. (LCID) Stock Price Analysis
Despite the Tesla, Inc. (TSLA) stock surge, Lucid Group, Inc. (LCID) stock lost 48.13% of its trading value in the maximum time frame. However, a significant decline in Lucid Motors, Inc.’s market capitalization is seen in 2023 compared to its IPO filing market cap.
LCID stock also lost 12.61% of its trading price weekly and 63.80% yearly. In the first half of 2021, Lucid Group, Inc. stock peaked above $55, which is also considered its all-time high.
The MACD line and the signal line are below the zero line, and the histogram suggests that a possible surge is expected in the trading price of Lucid stock in the coming session.
At press time, it was trading at $5.13, and at the same time, it was trading smaller than the 20, 50, 100, and 200-day exponential moving averages.
Lucid Group, Inc. manufactures electric vehicles. It designs, develops, and builds energy storage systems for electric vehicles and supplies automakers with the battery pack system needed to power hybrid, plug-in, and electric vehicles.
Nio, Inc (NIO) Stock Price Analysis
NIO stock price surged more than 19% in the past 5 years, and at the time of publishing, it was trading at $8.35 with an intraday trading volume of 56.327 Million.
However, in the weekly time frame, Nio, Inc. stock lost 19.48% and 21.08% in a month. The MACD and signal lines are just above the zero line, reflecting the seller’s accumulation below the histogram.
NIO stock’s press time trading price was less than the 20, 50, 100, and 200-day exponential moving averages. The annual price target of Nio, Inc. is 57.20% greater than its current trading price.
NIO, Inc. is a holding company that designs, manufactures, and sells electric vehicles.
ChargePoint Holdings, Inc. (CHPT) Stock Price Analysis
ChargePoint Holdings, Inc. stock lost 50% of its trading price in the maximum time frame. When writing, CHPT stock was trading at $4.92 and below the 20, 50, 100, and 200-day exponential moving averages.
Market analysts believe that CHPT stock is expected to rise in the coming time as its partnership with Tesla, Inc. to make supercharging stations compatible with all EVs, not just Tesla’s, will help it to grow.
Companiesmarketcap(dot)com data states that a slight decline in market capitalization of ChargePoint Holdings, Inc. is observed in 2023 compared to the 2021 market cap. The annual price target of CHPT stock is over 100% greater than its price time trading price.
Conclusion:
Tesla, Inc. (TSLA) is considered to be the most successful company in the EV industry. Some major EV stocks that have been struggling for the past few years are Lucid Group, Inc(LCID), Nio, Inc (NIO) stock and ChargePoint Holdings, Inc (CHPT) stock. However, market analysts believe that the EV industry is expanding globally, and the following companies are expected to show impressive profits in the longer term.
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
