Should investors wait before betting on EVs? Or is it time to plunge into assets that could benefit from the EV revolution? Read on.
So, should investors wait before betting on EVs? Or is it time to plunge into assets that could benefit from the EV revolution? And are there smarter ways to do this than buying Tesla?Some investors have been nursing their wounds from the beatings that volatile growth stocks such as Tesla have taken. Globally, Tesla figured prominently in funds with a focus on batteries which fell 29 per cent in 2022, according to Morningstar Inc., compared with an 18.4 per cent drop in global equities.
Deirdre Cooper, head of sustainable equity at Ninety One Ltd., said that her firm has always avoided Tesla because of issues connected to labour, corporate governance and the fast pace of its autonomous driving rollout. “We’re not looking to buy the dip for those reasons.”This advertisement has not loaded yet, but your article continues below.Not necessarily. While other EV-linked stocks have fallen from their peaks, they have been more resilient than Tesla.
The shift to electric cars is transforming the automotive industry, with powerful carmakers giving ground in terms of purchasing power to suppliers, both battery makers and mining groups.Article content Cooper’s preferred stocks include Wuxi Lead Intelligent Equipment Co. Ltd., a leader in battery-making equipment, Zhejiang Sanhua Intelligent Controls Co. Ltd., which makes battery heat management systems, and Analog Devices Inc., a manufacturer of semiconductors for EVs.“If the power now lies with the producers of the materials critical to manufacturing the batteries that go into the electric vehicles, then the best way to play it is through the upstream,” he said.
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