|Bid||275.33 x 1200|
|Ask||275.46 x 1200|
|Day's range||270.31 - 283.86|
|52-week range||206.86 - 414.50|
|Beta (5Y monthly)||2.19|
|PE ratio (TTM)||104.55|
|Earnings date||18 Oct 2022 - 24 Oct 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||305.77|
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In 2021, sales of new light-duty fully electric vehicles (EVs) nearly doubled in the United States from the prior year, while overall light-duty vehicle sales increased by only 3%, according to government figures. Two stocks that have strong long-term growth potential are those of lithium producer Albemarle (NYSE: ALB) and EV maker Rivian Automotive (NASDAQ: RIVN). The U.S.-based company is one of the world's top producers of lithium, a component of the lithium-ion batteries that power EVs.
While General Motors (GM) inks deals to boost its EV game, Ford (F) begins construction of its $5.6 billion EV plant in Tennessee. Tesla's (TSLA) recall and output ramp-up in Germany also draw attention.