Electric vehicle stocks to buy in 2020: 3 companies that do it right

Electric Vehicles’ Stock Comparison— TSLA vs NIO vs XPEV

The promise of the electric vehicle (EV) revolution has caught the attention of investors and set stocks in electric vehicle developers soaring — in some cases, before they have even produced a single car.

XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles in the People’s Republic of China. The company’s products also include autonomous driving software system. In addition, it engages in the vehicle wholesale and retail activities. The company was founded in 2015 and is headquartered in Guangzhou, the People’s Republic of China.

5 Wall Street analysts have issued ratings and price targets for XPeng in the last 12 months. Their average twelve-month price target is $34.23, predicting that the stock has a possible downside of 20.20%. The high price target for XPEV is $43.00 and the low price target for XPEV is $25.00. There are currently 5 buy ratings for the stock, resulting in a consensus rating of “Buy.”