{"id":23162,"date":"2022-05-26T09:03:55","date_gmt":"2022-05-26T13:03:55","guid":{"rendered":"http:\/\/autosector.com\/?p=23162"},"modified":"2022-05-26T09:03:55","modified_gmt":"2022-05-26T13:03:55","slug":"invest-tesla-ev-stocks-buying-the-dip","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=23162","title":{"rendered":"Is Now The Time To Invest In EV Stocks Like Tesla? Buy The Dip?"},"content":{"rendered":"

This article comes to us courtesy of\u00a0EVANNEX<\/a>, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at\u00a0InsideEVs<\/a>, nor have we been paid by\u00a0EVANNEX<\/a>\u00a0to publish these articles. We find the company’s perspective as an aftermarket supplier of Tesla accessories interesting and are happy to share its content free of charge. Enjoy!<\/em><\/p>\n

Posted on<\/span>\u00a0EVANNEX on May 26, 2022,\u00a0by<\/span>\u00a0Zachary Visconti<\/p>\n

Wall Street\u00a0has faced major selloffs over the past few weeks, causing a continued downturn in the market. While the auto industry simultaneously faces major disruptions with the onslaught of new electric vehicles, even EV giant Tesla has been susceptible to the bear market \u2014 though low share prices usually present an opportunity for skilled investors.<\/p>\n

The overall stock market may be bearish, but the low price of EV stocks like Tesla<\/a> and others has some investors considering if now might be the time to buy shares in EV companies, as noted by\u00a0The Motley Fool<\/em><\/a>. Beyond EV giant Tesla, auto startups such as Rivian<\/a> and the China-based NIO<\/a> have seen their shares fall even harder\u00a0\u2014\u00a0again presenting investors with the option to buy shares at a cheap price.<\/p>\n

Tesla is currently down about 40 percent from the stock\u2019s high point, and high demand helped the automaker post an 87-percent quarterly revenue growth year-over-year in the first quarter. Despite this, Tesla\u2019s production grew by just 69 percent, mirroring the fact that Tesla has increased its prices within the same time period.<\/p>\n

The news comes as Tesla opens its Gigafactory Texas and Gigafactory Berlin, expected to help further increase production. However, the company has still been able to garner revenue growth at a greater rate than its production growth. This bodes well for investors, with Tesla\u2019s control over its pricing model hardly dampening its skyrocketing demand.<\/p>\n

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