GM
Electric vehicle sector in focus as Democrat control in DC nears
- Wedbush Securities plays some catch-up in the electric vehicle sector
on the implication of the U.S. Senate flipping to the control of the
Democrats.
- "A Blue Senate is very bullish and a potential 'game changer' for
Tesla and the overall EV sector in the US, with a more green-driven
agenda
now certainly in the cards for the next few years. We believe a doubling
down on EV tax credits and further consumer incentives and government
initiatives around the EV sector will be on the horizon which is a major
positive for Tesla, GM, Rivian, Fisker, and other auto players/EV supply
chain (QS, etc.)," previews analyst Dan Ives on the new DC Setup.
- Ives and team believe the impact of a Biden Administration taking the
reigns will have wide reaching ramifications across all sectors, in
particular the focus on environmental issues and reducing the domestic
carbon footprint could have a dramatic impact for EV vehicles in the
near-term.
- "In our opinion, one of the core underpinnings of the Biden platform
will be around pushing clean energy and zero-emissions vehicles with
hopes
of accelerating the deployment of electric vehicles and public charging
outlets by 2030."
- That all sounds positive for EV-related stocks like Tesla (TSLA+0.0%),
Fisker (FSR+0.8%), Ayro (AYRO+7.5%), GreenPower Motor Company (GP-1.6%),
Workhorse Group (WKHS-2.4%), XPeng (XPEV-2.9%), Aptiv (APTV-0.8%),
Lordstown Motors (RIDE-1.7%), Canoo (GOEV-6.8%), Electrameccanica
Vehicles (SOLO-1.6%), Hyliion Holdings (HYLN-0.9%) and QuantumScape (QS
-3.1%) - although some analysts warn that the Blue Wave benefit is
already priced in.
- One more nugget from Wedbush - General Motors (GM+5.4%) is called the
star of CES after its powerhouse presentations and reveals.
|Today, 11:33 AM|2 Comments
Electric vehicle sector in focus as Democrat control in DC nears
- Wedbush Securities plays some catch-up in the electric vehicle sector
on the implication of the U.S. Senate flipping to the control of the
Democrats.
- "A Blue Senate is very bullish and a potential 'game changer' for
Tesla and the overall EV sector in the US, with a more green-driven
agenda
now certainly in the cards for the next few years. We believe a doubling
down on EV tax credits and further consumer incentives and government
initiatives around the EV sector will be on the horizon which is a major
positive for Tesla, GM, Rivian, Fisker, and other auto players/EV supply
chain (QS, etc.)," previews analyst Dan Ives on the new DC Setup.
- Ives and team believe the impact of a Biden Administration taking the
reigns will have wide reaching ramifications across all sectors, in
particular the focus on environmental issues and reducing the domestic
carbon footprint could have a dramatic impact for EV vehicles in the
near-term.
- "In our opinion, one of the core underpinnings of the Biden platform
will be around pushing clean energy and zero-emissions vehicles with
hopes
of accelerating the deployment of electric vehicles and public charging
outlets by 2030."
- That all sounds positive for EV-related stocks like Tesla (TSLA+0.0%),
Fisker (FSR+0.8%), Ayro (AYRO+7.5%), GreenPower Motor Company (GP-1.6%),
Workhorse Group (WKHS-2.4%), XPeng (XPEV-2.9%), Aptiv (APTV-0.8%),
Lordstown Motors (RIDE-1.7%), Canoo (GOEV-6.8%), Electrameccanica
Vehicles (SOLO-1.6%), Hyliion Holdings (HYLN-0.9%) and QuantumScape (QS
-3.1%) - although some analysts warn that the Blue Wave benefit is
already priced in.
- One more nugget from Wedbush - General Motors (GM+5.4%) is called the
star of CES after its powerhouse presentations and reveals.
|Today, 11:33 AM|2 Comments
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