NatalieLopez

 30 Nov 23

tl;dr

The growing consumer interest in electric vehicles (EVs) is evident, with survey results indicating robust intent to make future purchases despite apparent subdued current demand. This shift is driven by EVs reaching price parity with internal combustion engine (ICE) vehicles, marking a significant ...

The growing consumer interest in electric vehicles (EVs) is evident, with survey results indicating robust intent to make future purchases despite apparent subdued current demand. This shift is driven by EVs reaching price parity with internal combustion engine (ICE) vehicles, marking a significant turning point that makes them more appealing. However, while EVs are rising, the Detroit Three automakers - GM, Ford, and Stellantis - find themselves lagging behind in the transition to EVs. The article asserts that these companies are no longer attractive for long-term investments, painting a bleak near-term outlook for one of them, positioned as a 2024 top short pick, while Tesla, Inc. emerges as a strong contender due to its advantageous position to capitalize on the EV transition and an array of positive near-term catalysts. This positioning makes it the top pick for 2024. For the full article, head to The Long View Investor.

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