Why EV stocks keep going up today, Tesla, NIO, Blink and more

Electric car stocks are surging and some investors are loving it as they are making more money from this sector than ever before.  Tesla started the trend and then other stocks like NIO, Blink started seeing higher stock prices.

Except for Tesla; majority of these electric vehicle stocks were penny stocks just a few months/years ago. Fast forward to now, most of all EV stocks are now trading for big money. 

Tesla went from trading around $60 in November 2019 to trading at 521 in November 2020 ( keep in mind – Tesla Stock split).

In the case of NIO Limited, the stock was trading at 1.96 in November 2019, and now it selling for $49.25 per share.

In other news, other EV stocks that focus on fueling electric cars are the EV charging companies like Blink are also seeing a surge in stock prices. Blink is a Florida based electric vehicle charging equipment maker, Blink’s stock symbol is BLNK, the stock jumped 25.9 percent today and it has gone up by more than 194.2 percent since November 13, 2020.

FuelCell Energy (FCEL) is another stock that is up way more than expected in the past few days. The stock went up 54.33 percent today alone.

We are just touching the stock market movers for today. We will expand more on them in the near future.  

Everything that has to do with EV seems to be going up and up, however, we like to remind people that there is such thing as the stock market crash. It can crash and we asked that everyone become mindful of their investment risk tolerance.  

EV stocks have gone up more than any other sectors this year and it may continue for a while or the market can crash. The stock keeps going up because electric vehicles are becoming more popular and it appears to be a new industry that's also attractive.

The fact is anything can happen, the stock can come down as fast as it's going up, decide wisely on where you invest your money.

Disclaimer: Investingport's manage funds own NIO, FCEL, and Tesla. This is not advice to buy or sell any of the stocks mentioned in this post. Please do your own due diligence.