Introduction Regarding automobile stocks, virtually every automotive manufacturer is entering the electric vehicle and autonomous driving market in some form or another. Consequently, EV stocks like Tesla and Nio will face challenges and competition in the future. Nevertheless, the real question is, can these disruptive technologies turn a mostly unprofitable industry (automobile manufacturers) into profitable …
automobiles
Tesla Stock: Great Cars, Perhaps Great Company But Scary Stock
Introduction Tesla Stock Tesla (TSLA) makes great automobiles, and although that is not all that they do, the Tesla automobile generates most of their revenues. That may not always be the case, but it is today. According to Zacks Investment Research, Tesla’s automotive segment generated 93.7% of 2019 revenues. Moreover, Tesla stock commands approximately 60% …