![]() ![]() ChargePoint already holds 65% of the market share, and there is a high expectation of expansion. Currently, EVs are a small part of the total vehicle sales worldwide, but increasing government incentives pushing towards EVs offer growth potential. There are multiple opinions about the future of ChargePoint (NYSE: CHPT), but if mass EV adoption happens, ChargePoint becomes highly relevant. LAC is one of the high potential EV charging stocks that offers a possibility of 50% upside and could more than double your money. The company has acquired Arena, which has a majority stake in Sal de la Puna project, and this will boost the company’s growth in the long-term.ĭespite being a pre-revenue company, it has three major resources that can generate significant returns in the long term. It is much lower than its all-time high of $33. Once Lithium Americas assets start generating revenue, it could attract more investments from other automakers.Ĭurrently, LAC stock looks like a good opportunity, trading at $19 today. The scarcity of lithium has led to several automakers turning towards mining. Although it will start deliveries in 2026, investors may have to wait for a few years to see the company report strong financials. It aims to become a low-cost producer for the automotive industry.Lithium Americas has an agreement with General Motors to supply raw lithium for its projects. With the growing demand for EVs, there will be a rise in the demand for batteries, and this will lead to revenue for the company. It is an asset that has close to 16.1 million tons of battery-grade lithium carbonate equivalent for extraction. Lithium Americas is also working on getting the Thacker Pass up and running. The company is currently focusing on the development of lithium mining projects across mines in Nevada and Argentina. Lithium is a highly valuable resource as it is used in rechargeable lithium-ion batteries, and while the company isn’t profitable yet, generating a limited revenue, it does have the potential to grow in the coming years. Lithium Americas (NYSE: LAC) is another company to watch out for in the sector. It is one of the essential EV charging stocks to own now. When it comes to Tesla’s EV charging network, this is only the beginning and we will be able to see the revenue numbers showing the charging network’s contribution from next year. The stock has generated over 1,000% returns in the past five years and is a solid addition to your portfolio. TSLA stock is trading at $264 and is up 144% year to date. Musk has changed the chargers from a cost burden to a revenue-generating machine. , Tesla’s charging network service can generate over $3 billion in revenue in a decade from now. As per an analysis from Piper Sandler & Co. Many automakers do not have the liquidity to lay out their charging stations, and they are tying up with Tesla so that buyers can use the company’s superchargers. It has partnerships with General Motors (NYSE: GM), Ford (NYSE: F), Rivian Automotive (NASDAQ: RIVN), and Nissan (OTCMKTS: NSANY). With the growth of its charging capabilities, Tesla has created a solid network that can generate significant revenue. The company is an established leader in the EV space and has recently reported strong revenue growth in the second quarter. It has over 45,000 charging stations which can now become an additional source of revenue for the company. Today, it owns and operates the largest fast-charging network in the world. ![]() In its initial days, Tesla only assured Tesla owners that they could charge their cars anywhere, without any worry. Tesla does not rely on others for the charging network and ensures that each Tesla owner has a convenient way to charge the car’s batteries. Many of us have only seen Tesla (NASDAQ: TSLA) as a leader in electric vehicle manufacturing, but the company is so much more than that.
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