3 EV Stocks Analysts Like Better Than Tesla

Tesla Inc. (TSLA), the giant of the electric vehicle (EV) industry, has hit a major rough patch in 2024, with its stock taking a 27.9% dive since the start of the year. As TSLA battles with Boeing (BA) for the title of worst S&P 500 Index ($SPX) stock of 2024, analysts have been downgrading Tesla and lowering their price targets - resulting in a consensus rating of “Hold” for TSLA, down from “Moderate Buy” just two months ago. 

As the Biden administration tweaks its plans for auto emissions standards, it seems that analysts have found some EV stocks they like better than TSLA. While some embattled electric automakers are still falling by the wayside in this tough macro environment, those that do survive should benefit from a continued push toward sustainable transport options.