Mississauga, ON -- (SBWIRE) -- 10/21/2020 -- AllPennyStocks.com Media, Inc. (https://www.AllPennyStocks.com/) announces its latest article titled "Haven't Invested in the EV Renaissance Yet? Here's a Cool Way In."
In March, shares of Chinese electric vehicle maker NIO Inc. (NYSE:NIO) slumped to a low of $2.11, as interest for EVs was threatened amid the coronavirus pandemic. It wasn't just NIO that languished, shares of Tesla (NASDAQ:TSLA) dropped to $70.10 from $193 about a month earlier. The fear didn't last long and EV stocks soared back, including NIO ballooning to $29.40 last week and Tesla cruising to a record high at $502 in August.
The reason these stocks won't stay down is elementary: EVs are going to be mainstream in the coming decades; make no mistake about it. In major cities, Teslas are becoming a commonplace on roadways already, with more than 367,000 sold in 2019 and about 180,000 sold in the first half of 2020 despite the climate of the COVID-19 economy.
The full version of this article can be found at: https://www.allpennystocks.com/specialreportsus/2433/havent-invested-in-the-ev-renaissance-yet-heres-a-cool-way-in
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