3 Electric Vehicle Stocks Outperforming Tesla In 2021

General Motors (GM)

GM has quickly moved from $40.51 to just under $50 in three weeks of trading. GM plans to release 30 EVs within the next four years. If the company fulfills this expectation, it will become a serious TSLA rival.

Add in the fact that GM is launching a BrightDrop service for commercial delivery in which an electrified pallet moves into an electric van on its own, and investors have all the more reason to be optimistic. Furthermore, the company’s battery division dubbed Altium, combined with its autonomous driving segment is also making strides.

GM still has a fairly low forward P/E ratio of 8.62, meaning it is likely underpriced at its current trading level. Indeed, the analysts are bullish on GM, setting an average price target of $53.50, meaning there is the potential for the stock to pop by more than 7% in the months ahead. Of the 14 analysts who have studied the stock, 13 recommend buying, one advises holding, and none advise selling.

The POWR Ratings show GM has “A” grades in the Peer Grade, Trade Grade, Industry Rank, and Buy & Hold Grade components. The stock is ranked 6th of more than 50 in the Auto & Vehicle Manufacturers segment.

Blue Bird Corporation (BLBD)

When it comes to EVs, most people immediately think of sedans traversing the cities and suburbs as opposed to larger vehicles such as buses. BLBD makes electric school buses. Demand is soaring for the company’s fully electric buses.

As time progresses, BLBD will sell even more of its buses beyond its current primary market of California. School districts throughout the United States are more than willing to go electric with their buses and BLBD is leading the charge.

BLBD’s green buses are made with special V2G technology, short for the vehicle to grid. V2G empowers communities to rely on the buses as a backup source of power if an emergency strikes. All in all, 180,000 BLBD buses are currently in use.

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