Auto

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>In the past 52 weeks time frame, CHPT stock price declined over 54.99%.</a> </li> 
 <li> <span>2</span> <a>TSLA stock is the leader of all EV stocks including&nbsp; CHPT stock, LI stock, E stock and NKLA stock. Almost all have impressed their investors in the past 1 year.&nbsp;</a> </li> 
 <li> <span>3</span> <a>Tesla’s (TSLA) entry has upped the competition in the EV market</a> </li> 
</ul> 
<p>As per dozens of news and price analysis articles, the founder of Tesla Inc is dedicated towards bringing revolution in the electric vehicle industry.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-will-ev-stock-continue-to-surge-strong"><strong>Will EV Stock Continue to Surge?&nbsp;</strong></h2> 
<p>On August 25, 2023, Friday, stock TSLA closed at $, with a 3.72% price surge in one day of trading. The opening price during the trading session was $231.31 whereas the trading range was $239 to $230.35.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="522" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-142-1024x522.png" alt="Is CHPT Stock, LI Stock, E Stock Profitable in the EV Industry?" class="wp-image-162544" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-142-1024x522.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-142-300x153.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-142-768x392.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-142-750x383.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-142.png 1080w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: TSLA stock price chart from TradingView&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>TSLA stock price has been in a downtrend since the beginning of this year. But the year-to-date (YTD) price analysis shows an uptick of 120.71%. The bearish market showed a reversal trend in the last week of May 2023 which helped the TSLA stock price regain momentum.</p> 
<p>Nikola Inc. stock highest traded at $6.29 in the past 52 weeks although at press time NKLA stock was trading at $1.31 with a bullishness of 3.05%.&nbsp;</p> 
<p>CHPT stock has gathered popularity when it increased its dominance in the EV charger making segment of the industry. ChargePoint Holdings Inc. is operating its business in more than 14 countries.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="522" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-141-1024x522.png" alt="Is CHPT Stock, LI Stock, E Stock Profitable in the EV Industry?" class="wp-image-162540" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-141-1024x522.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-141-300x153.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-141-768x392.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-141-750x383.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-141.png 1080w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: CHPT stock price chart from TradingView&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>In the past 52 weeks, <a href="https://www.thecoinrepublic.com/2023/08/22/chargepoint-stock-will-chpt-stock-take-u-turn-after-earnings/" target="_blank" rel="noopener noreferrer nofollow">CHPT stock price</a> declined by over 54.99%. The highest traded price of the stock is $19.92 which is around 75% greater than its publishing time trading price.</p> 
<p>Li Auto Inc. stock has impressed its investors by giving a growth of 34% in 52 weeks. At press time, Li stock was trading at $39.26 and as per market analysts, a strong bullish movement is expected in the last week of August 2023.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="522" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-139-1024x522.png" alt="Is CHPT Stock, LI Stock, E Stock Profitable in the EV Industry?" class="wp-image-162538" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-139-1024x522.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-139-300x153.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-139-768x392.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-139-750x383.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-139.png 1080w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Li stock price chart from TradingView&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>On August 5 2023, Li Auto Inc. market capitalization broke all milestones and reached $45.37 Billion. It was the first time the company’s market cap crossed the $40 Billion mark. After this huge success, it became the 446th most valuable company globally.</p> 
<p>Eni SpA (NYSE: E) stock is one of the most profitable stocks. Technical analysis shows that E share price added 144.86% to its trading price and in the 52 weeks’ time frame, E stock’s highest traded price was $32.21.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>In the past 18 months, the EV industry has experienced remarkable growth – its overall market capitalization has surged over 23%. Tesla Inc. was the pioneer company to create a positive sentiment in the EV industry, and following its path, several other companies came into competition. Some hot EV stocks include CHPT stock, LI stock, E stock, and NKLA stock. It is important to note that the increasing EV adoption has pushed many EV manufacturers toward profitability.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Is CHPT Stock, LI Stock, E Stock Profitable in the EV Industry?

Table of Contents

Thecoinrepublic.com

Other articles published on Aug 27, 2023

Expert Insights on Ethereum: Should You Buy the Dip or Short the Top?

Pepe Coin: Analyst Warns As PEPE Takes Center Stage Amid Allegations

3 Best Oracle Cryptocurrency Projects to Discover in August 2023

Hashdex joins fray, seeks spot Bitcoin ETF on heels of Grayscale setback

Thailand Welcomes a Pro-Crypto Prime Minister

Binance under scrutiny, increased enforcement amid growing scams, Pepe’s drama | Weekly Recap

Join our free newsletter for daily crypto updates!