Tesla (NASDAQ:TSLA) is, without a doubt, the best EV stock to keep owning. The company has a good chance of taking a $1-trillion market capitalization. It is a leader in the global EV market, has plenty of strong cash flow, and may raise money any time it needs to.
Tesla has a wide lead over all EV firms in software. It may push out updates quickly to its user base. Moreover, it offers a subscription to Tesla owners for autonomous driving, once it is ready. Companies like Ford (NYSE:F) and GM (NYSE:GM) are trying to copy the over-the-air offering but fail to handle it as well as Tesla.
Investors betting on the next Tesla may consider China-based EV firms. XPeng (NYSE:XPEV) is catching up to Tesla on software quality. Nio (NYSE:NIO) has a battery swap subscription that will lift cash flow. Li Auto (NASDAQ:LI) is also the smallest by market capitalization worth considering.
Lucid Motor (NASDAQ:LCID) rolled out its first EV. It will sell a few hundred premium models first. Once it optimizes its production, consumers may consider Lucid over Tesla.
Fisker (NYSE:FSR) collaborated with parts giant Magna (NYSE:MGA) to produce an EV. The company will appeal to mainstream customers. Once it achieves mass production, Fisker is a compelling EV stock to consider.