Some investors jumped on the EV train right away, while others were not as fast or trusting. You may be one of the people who didn’t find it safe to invest in the EV businesses — so, you refrained from it, but you probably ended up regretting it. Especially given the Tesla situation from 2020, you may now look back and regret not joining the hype. Everyone knows that the shares of the company got some impressive gains, while the stock is usually up by 676%.
If you regret not making a move faster, there are still options for you. There are some nice investments you can still make and help create a better future. Below you can find your options.
1. Astro Aerospace
Astro Aerospace (OTC:ASDN) is one of the stocks worth being excited for. This is because they go a little overboard with what they do, as they have a different goal than most other eVTOL companies. Astro Aerospace is one of the companies working on eVTOLs, or what people are referring to as “flying taxis.” It’s the type of future that you’ve only ever seen in movies or video games, but it could become reality if enough investments are made into it.
eVTOLs could allow people to go from a place to another much faster. The traffic can get crazy at times, particularly in big cities where the population number is high. eVTOLs will rise above traffic and make sure you fly to wherever you want to be. Astro Aerospace is one of the companies that will be key players in this race towards making the best eVTOL models. They made some significant progress over the years. In fact, they have more than 6 years of eVTOL development, as well as 4 years of proven eVTOL flight testing. They are preceded by over 100 years of aircraft engineering experience as well.
So, they are an investment worth considering thanks to their experience with aircraft and their hard work and dedication in the eVTOL sector. If you missed your chance to invest in EV, then you have the opportunity to look towards Astro Aerospace and the eVTOL train.
2. BYD
Upon seeing the success of Tesla so far, you may be very disappointed that you missed your chance to invest in it and the EV industry. Well, there is still hope for you because there are EV stocks you can still invest in. It’s not all over yet.
BYD is one of the EV companies that you may want to look into. It’s a Chinese EV maker, while China is the biggest electric car market in the world. With BYD, the best thing is the fact that it sells a lot of cars. In fact, it makes more cars compared to Tesla. In 2019, it managed to sell around 460,000 vehicles. Tesla only sold 367,500 in the entire globe. Of course, the price factor may have a role to play in this too, since Tesla’s vehicles can reach much higher prices, which helped them generate a higher number of sales in 2019.
Besides EV vehicles, BYD also makes internal-combustion ones. Around half of their sales are EVs, though. Their sales are higher than Tesla’s in China, even though Tesla usually sells more of these vehicles on the rest of the globe.
If you’re still interested in the EV market, you should consider BYD, as it seems to be one of the stocks that will not disappoint.
3. Joby Aviation
If you know JoeBen Bevirt, you may be thinking about the Joby Gorillapod, the amazing tripod that helped many cameras be stable while taking pictures or recording vlogs. Well, you may be surprised to know that he’s no longer into the tripod business. Instead, he moved to eVTOL vehicles, and Joby Aviation is now one of the key players in the flying car market. If you still want to invest in EV-related stocks, then this is also a good chance.
So far, it’s known that the company works on some very impressive designs, which will make cities look like they are part of some fantasy futuristic world. They have a lot of facilities spread across Northern California, and they might grow even more. Through a fundraiser, they managed to get as much as $590 million.
What’s great to note is that Toyota also invested into the stock, which helped bring the total amount for Joby Aviation to $720 million. That money will be used to further develop eVTOLs and bring us closer to having flying taxis in our cities.
Given that it is so dedicated, and it already received so much support, Joby Aviation is very likely to be one of the companies that help make eVTOLs possible. So, investing in it might be the right decision.
4. AirBus
AirBus brings to the table exactly what the name of the company suggests. The business wants to bring the flying taxi to a more commercial level, making it possible for people to get from one point of the city to another by air. It’s another eVTOL stock that is very promising and may help a lot in the flying taxi field.
They created two candidates in the past, the Vahana and the CityAirbus. Vahana got discontinued at the end of 2019, though. Meanwhile, the CityAirbus may end up in a similar spot in one or two years, after a huge number of test flights have been performed.
But despite this, the Airbus company may be working on other things behind the scenes. They may work on improving the speed, battery duration, and the duration of the flights. If they have enough funds and they work harder on developing their vehicles, they will become very big in the years to come. So, investing in this stock might be a good choice.
Final Thoughts
You may have missed the EV train, but that doesn’t mean there aren’t still options for you. Invest in one of the stocks above, and you may contribute to a more advanced future technology-wise.
