3 Top EV Stocks to Buy in April

From Yahoo Finance: 2025-04-06 18:41:00

The Trump administration’s tariffs have disrupted the market, causing Tesla’s stocks to drop 40%. However, smaller EV makers like Rivian, Nio, and Polestar could shine. Rivian plans to launch its R2 SUV and improve margins, while Nio’s new Firefly hatchback could boost deliveries. Polestar aims to rebound with new models and sales strategies.

Rivian, despite challenges, has seen improvements in its gross margin and plans to launch the R2 SUV next year. With an enterprise value of $12.6 billion, it trades at just 2.3 times this year’s sales, making it a potential growth opportunity.

Nio, a Chinese EV maker, saw a significant increase in deliveries in 2024, with its new Firefly compact hatchback expected to boost sales further. With an enterprise value of $8.9 billion, Nio is valued at 0.7 times this year’s projected sales, presenting a potentially attractive investment opportunity.

Polestar, a luxury EV maker, faced challenges in 2023 but is looking to rebound with new models and strategies. With an enterprise value of $4.6 billion, it trades at 1.0 times its projected sales for 2025, offering potential for growth if it can address its current issues and meet its targets.



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