5 Electric Car Stocks to Buy for 2022

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In this article, we discuss the 5 electric car stocks to buy for 2022. If you want our detailed analysis of these stocks, go directly to the 10 Electric Car Stocks to Buy for 2022

5. Li Auto Inc. (NASDAQ:LI)

Number of Hedge Fund Holders: 20

Li Auto Inc. (NASDAQ:LI), an electric vehicle manufacturer from Beijing, China, is one of the best electric car stocks to buy for 2022. Li Auto Inc. (NASDAQ:LI) is a trusted supply chain partner of Bosch, Valeo, Magna International Inc. (NYSE:MGA), and Boe, among others. 

On December 8, Tiger Securities analyst Bo Pei initiated coverage of Li Auto Inc. (NASDAQ:LI with a Buy rating and a $40 price target. The analyst believes that extended range electric vehicles offer an attractive value proposition to buyers, which should help Li Auto Inc. (NASDAQ:LI) “obtain a reasonable market share”. 

Li Auto Inc. (NASDAQ:LI), on November 29, announced earnings for the third quarter, posting an EPS of $0.05, beating estimates by $0.04. The Q3 revenue jumped 220.23% to $1.22 billion, outperforming estimates by $86.37 million. 

Of the 867 hedge funds tracked by Insider Monkey in Q3 2021, 20 funds were long Li Auto Inc. (NASDAQ:LI), with stakes worth $468.1 million. Hedge funds in the third quarter increased their stakes in Li Auto Inc. (NASDAQ:LI) as compared to Q2, when the same number of funds held total stakes valued at $457.2 million in Li Auto Inc. (NASDAQ:LI). 

Jericho Capital Asset Management is one of the leading Li Auto Inc. (NASDAQ:LI) stakeholders from the third quarter, with 4.64 million shares worth roughly $122 million. 

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