Investors should consider Li Auto and Rivian as strong EV stocks to buy in August.

From Nasdaq: 2024-08-10 09:47:05

Investors in electric vehicle (EV) stocks have faced rough times, except for Tesla. The prospect of Donald Trump becoming U.S. President again adds to industry woes. Li Auto shows promise with profitable deliveries. Trading at attractive valuations, the company is expected to see profits rise in 2025. Rivian is actively reducing losses per vehicle and has partnered with Volkswagen for further growth. Rivian offers strong products and a promising outlook in the EV market. Wall Street analysts have given RIVN stock a “Moderate Buy” rating with a target price of $18.82.



Read more at Nasdaq: 2 High-Conviction EV Stocks to Buy in August as Markets Come Off Highs