10 High Growth EV Stocks to Invest In

6. Tesla, Inc. (NASDAQ:TSLA)

Average 5-Year Revenue Growth: 29.76%

Tesla, Inc. (NASDAQ:TSLA) remains the world’s leading manufacturer of electric vehicles. The majority of the US EV industry is currently owned by the most successful automaker in the world, which was the first to produce “premium electric vehicles.” Investors unquestionably have high expectations for CEO Elon Musk and his team, which includes full self-driving technology, robotaxis, and further EV sales. In 2024, the company delivered just under 1.8 million electric vehicles due to its first-mover advantage in the market, and it continued to hold its top spot as the industry leader in most categories. It is one of the EV companies with an average 5-year revenue growth of 29.76%, making it among the High Growth Stocks.

On May 6, Tesla, Inc. (NASDAQ:TSLA) released the Model Y, a cheaper long-range rear-wheel drive vehicle, in the United States. It cost $44,990 before a $7,500 tax credit. Delivery is anticipated in roughly a month, and the price decreases to $37,490 after the credit. In the face of growing competition, the move is intended to increase sales. The firm’s stock rose more than 1% following the announcement.

On April 28, Cantor Fitzgerald set a price target of $355 and reiterated its Overweight rating on Tesla, Inc. (NASDAQ:TSLA). Despite the stock’s 27% drop this year, the firm remains bullish, citing its strong financial position and ambitious future goals, including Robotaxis, a $30,000 model in 2025, and full self-driving growth. The investment business sees the current downturn as an opportunity for patient investors to purchase, and it believes that its robotics, energy storage, and artificial intelligence will all grow in the long run.