3 Lesser-Known Electric Vehicle Stocks That May Surprise Everyone in the EV Race

The most popular EV giant $Tesla (TSLA.US)$ has for a long time attained valuation multiples that boggled fundamentals-driven analysts. The company’s founder Elon Musk commands an international social media following that could make cult leaders envious. Tesla stock attracts over 5,000,000 average monthly searches on the web, and the company had 32 Wall Street analysts issue earnings projections for 2022.
A similar popularity profile applies to Chinese EV play $NIO Inc (NIO.US)$ $NIO-SW (09866.HK)$ . Nio stock attracts about 3.4 million unique Google searches a month. A total of 25 investment banking analysts provided revenue and earnings projects for NIO’s 2022 financials.
What’s key is that popularity among investors and analysts unlocks stretched valuation multiples when the company’s story is appealing. $Rivian Automotive (RIVN.US)$ and the $Lucid Group (LCID.US)$ are the other popular EV stocks that have attracted stretched valuations.