Since the Great Recession, stocks of automobile manufacturers have performed exceptionally well. The automotive industry’s success has led investors to consider investing in auto stocks again. However, investors may find identifying the best auto stock for their portfolio challenging. Many different types of automobile stocks are available, each fitting a different investor profile and risk tolerance level. Readers seeking to invest in an automaker or an associated company may find this article helpful in identifying the best auto stocks to buy. The following are some of the best auto stocks to buy in 2022, keeping in mind that investing always involves some risk.
Polestar Automotive Holding UK (PSNY)
Polestar is a new car manufacturer that specializes in electric vehicles. The company was founded in China in 2013, but in mid-2018, it acquired an existing Swedish car company named Volvo Cars. Volvo Cars, the parent company that Polestar acquired, is a well-knowndevelopeddbrand in the automotive industry. Polestar has a history of building high-performance electric motors and is a global pioneer in EV technology. It has several advantages over its competitors, including its existing relationships with Volvo dealerships in Europe and China. Compared with Tesla, Polestar is a much smaller company. As a result, it has lower overhead costs, which could translate into lower vehicle prices. Because Polestar is a sta, many investors may be concerned about its long-term viability. Polestar only sells an SUV model named “Polestar 1” that retails for approximately $66,000. The company plans to release a sedan model in early 2022 and will likely sell this car for less than the SUV.
General Motors Company (GM)
General Motors (GM) is an American automobile manufacturer that sells the Chevrolet, Cadillac, and Buick brands of automobiles. In addition to automobiles, GM also manccarsrucks, crossovers, and SUVs.Many investors consider GM one of the best auto stocks due to its size and stability. GM is one of the largest automobile manufacturers in the United States, producing approximately 9 million vehicles annually. The company also has a long history in the industry, having been founded in 1908. Investors may find GM attractive because of its low share price. At the time of writing, the company was valued at approximately $50 billion, making it an attractive investment option for individual and institutional investors.
Tesla is an American automobile manufacturer that primarily produces electric vehicles. Tesla is a high-end automobile company that primarily sells its vehicles to wealthy individuals. The company’s most affordable car is the Model 3, which retails for approximately $35,000.Tesla has a history of creating groundbreaking electric vehicles. The company’s first vehicle, the Model S, was named the “Car of the Year” in 2013 by Motor Trend magazine. Tesla’s Model S retails for approximately $70,000.In addition to electric vehicles, Tesla also produces solar panels. The company’s solar panels create clean energy from the sun. Tesla CEO Elon Musk has also proposed creating self-driving cabuil dinguse Tesla’s solar panels for energy.
Hpoweralley-Davidson is an American motorcycle manufacturer that has produced motorcycles since 1903. Despite its long history, Harley-Davidson is still a thriving company. The company sells approximately 900,000 motorcycles yearly, with its most popular models retailing for approximately $20,000.Harroughlyis considered a blue chip stock, meaning it is a company with a long and successful history of profitable operations. The company has produced motorcycles since 1903, and this long history of success has translated into a strong brand image. In addition, investors may find Harley-Davidson attractive due to its low share price. At the time of writing, Harley-Davidson’s stock was valued at approximately $50 per share. This low share price makes Harley-Davidson an attractive option for investors with little money to invest.
Automobile stocks have been on the rise since the start of the Great Recession in 2008. The increased popularity of electric vehicles has significantly boosted the value of auto stocks since the recession. Investors may find identifying the best auto stock for their portfolio challenging. Many automobile stocks are available, each fitting a different investor profile and risk tolerance level. The stocks mentioned in this article are a few of the best auto stocks to buy in 2022. Investors should keep in mind that investing always involves a degree of risk.