TSLA - Ways To Play EV Growth Without Being In EV
- EV momentum has been strong, even as auto sales haven't been the best due to the pandemic.
- Growth in EV stock is expected to reach at least 140 million by 2030 in comparison to 7.2 million in 2019.
- Demand for batteries will increase demand for necessary elements nickel, cobalt and lithium.
- Miners and chemical producers such as PLL, LAC, LTHM, SQM, ALB, and VALE could be able to benefit from these underlying trends in EV and batteries.
- Auto parts and related tech manufacturers like BWA, MGA, APTV, APH, and TEL, and semiconductor manufacturers NXPI, MXIM, STM, and NVDA could capitalize.
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Ways To Play EV Growth, Without Being In EV