2 Stocks That Have the Power to Outrun Tesla

The automotive industry is expected to keep growing due to high demand and supportive federal initiatives. Even though it is a dominant player in the auto industry, it may not be a good choice now due to its high valuation. We believe Volkswagen and Honda are better positioned to benefit from the industry's long-term growth prospects. Continue reading...

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Musk is trying to get out of his agreement to acquire the social media company. Musk may need to sell more shares to TSLA in order to complete the acquisition, which could increase the risk for the stock.

There was a fire in the recycling plant of TSLA. A megapack battery installed at the storage facility of Pacific Gas & Electric Co caught fire and caused the facility to be disconnected from the grid.

Over the past month and a half, TSLA's shares have declined by 7.4% and 31%, respectively. The stock is still trading at a high valuation despite the recent decline.

The automotive industry is expected to ride the wave of increased electrification. The CHIPS and Science Act could benefit automobile makers.

The North American automotive market is expected to grow at a 6.6% compounded annual growth rate to reach a valuation of $917.23 billion by the end of the decade.

Volkswagen AG and Honda Motor Co., Inc. have better growth prospects than TSLA.

Volkswagen AG is a German car manufacturer.

VWAgy is a well-known car company. It sells cars in five countries: Europe, North America, South America, and Asia- Pacific. The company has four segments: passenger cars and light commercial vehicles, commercial vehicles, power engineering and financial services.

The new battery subsidiary of VWAGY and Umicore formed a joint venture for European production.

This collaboration is expected to improve the company's bottom line since active cathode materials are the most significant contributor to overall battery cost.

On September 5, VWAgy announced its plans to raise capital with the IPO of its world-famous car brand. The company has entered into a share purchase agreement with another company.

The VWAGY and Mercedes-Benz Group AG signed agreements with Canada to secure access to raw materials for battery production. Smooth operations in the USA are expected to be ensured by this agreement.

VWAGY's sales revenue increased 3.3% year-over-year to 69.54 billion. The company had earnings after tax of 10.64 billion in the first half of the year, an increase of 25.8% over the previous year.

VWAGY is expected to have revenue of $68.51 billion in the third quarter of the year. The revenue estimate for the next year shows a 3.7% increase over the previous year.

Over the past month, the stock has fallen 3.5%.

The positive outlook is reflected in VWAgy's POWR Ratings. Strong Buy can be found in the company's overall rating of A. Each stock is assessed by 118 different factors, each with its own weight.

VWAGY has B grades for Stability and Quality. It is a stock in the Auto- Vehicle Manufacturers industry.

Click here to see more POWR ratings for VWAGY.

The Honda Motor Company is a Japanese company.

HMC is a Japanese company that designs, manufactures, and sells motorcycles, automobiles, power products, and other products around the world. The company has four segments that include motorcycle business, automobile business, financial services business and life creation and other businesses.

The acquisition of 1.9% of its issued shares worth a maximum amount of 100 billion would improve the efficiency of its capital structure. The potential for an increase in earnings per share for existing shareholders is promising.

The Honda and Acura EV models will be powered by batteries produced in the US by the end of the next decade. The two companies plan to invest a total of $4.4 billion.

The signing of a Memorandum of Understanding with Sony Group Corporation was announced on July 16.

In the first quarter of the new fiscal year, sales revenue increased 6.9% to 3.83 trillion, compared to the same period in the previous year. The operating profit from Motorcycle Business was 97.80 billion, an increase of 21.2% over the previous year.

HMC's revenue is expected to come in at $118.39 billion, an increase of 343.2% year-over-year, according to analysts. The company's earnings per share is expected to increase from the previous year. In each of the last four quarters, HMC has exceeded the estimates.

Over the past month, HMC's stock has fallen by 15.3%.

HMC's stable outlook has earned it an overall POWR rating of B, which equates to a Buy in our rating system. There is an A grade for value and a B for quality and stability. It is a top stock in the same industry.

We have given HMC grades for growth, momentum, and sentiment as well. Here, you can get all the ratings.

The stock was trading at $282.35 per share on Tuesday, up $6.34 from the previous day. TSLA has declined since the beginning of the year while the S&P 500 has risen.

Santanu wanted to become an investment analyst because he was fascinated by traditional and evolving factors that affect investment decisions. He used to be a process associate at Cognizant. He wants to help retail investors identify the best long-term investment opportunities with a master's degree in business administration.

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There are two stocks that have the power to outrunTesla.