The article deals with the electric car-market and its perspectives, guidelines for investments, and details of the situation in such shares as Tesla, Ford, General Motors, NIO, Xpeng, Li Auto, Volkswagen, and Renault.
Last Thursday, the shares of Volkswagen, Toyota, and General Motors dropped by 3%, 4.09%, and 3.46% respectively. The reason is plants standing idle due to the shortage of spare parts. Tech analysis of Volkswagen, Toyota, and General Motors.
Volkswagen reported its results in Q1, 2021: the revenue grew by 13.3%, and the net profit – by 560%. Sales volume increased by 21%, specifically electric car sales – by 100%. Volkswagen shares dropped by almost 1%.
Carmakers decrease car production due to the deficit of semiconductors, which might affect their income. Which investment idea can be discovered in this situation? Find the details in our article.
In March, Volkswagen shares have grown by 69% because of the bold plans of the company’s management to conquer the world’s electric car market. Thanks to such growth of the quotations, DAX has set a record of 14775.52 points.
For the first time since five years ago, Volkswagen stocks rose over 200 USD each. The growth was provoked by the report of analysts from UBS Group AG in which they named the ID.3 platform having the most energy capacity and efficacy in its class.
