DRIV - Tesla Hyzon and Electric Last Mile headline Wedbush's dream team of EV stocks
Wedbush Securities says its Green Tidal Wave thesis is still in play as it forecasts EVs will represent 10% of total automobile sales by 2025 and rise to 20% by 2030. The confidence follows a rough patch for EV stocks as some of the euphoria over the U.S. election and prospects for EV support have faded in the face of growing pains. Analyst Dan Ives and team see upside beyond just Tesla (NASDAQ:TSLA). "Clearly, it’s not just the OEMs that have a massive potential growth opportunity ahead, but the whole supply chain is being built out for the EV landscape from charging stations, battery players, recycling, raw materials, and the broader grid build-outs both domestically and internationally for the coming years," writes analyst Dan Ives on the setup for the sector. Why is the EV sector stuck in reverse lately? Ives thinks the global chip shortage, the pre-revenue status of
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Tesla, Hyzon and Electric Last Mile headline Wedbush's dream team of EV stocks