EV startups on the stock exchange?

EV startups on the stock exchange?

New York, July 27, 2020

Electric vehicle startups are in a hurry – they want to go public. The background to the rush are the successful IPOs of NIO and Nikola. But there are increasing signs of a „bubble.“
Even the course of the market leader Tesla is viewed critically by the majority of analysts (including companies such as JPMorgan and RBC Capital Markets). They believe Tesla stock is overpriced, while Bank of America believes Tesla’s stock price is „detached from current fundamentals.“
JP Morgan analysts see that while Nikola is capable of disrupting the transportation industry, the stock price was „fully valued“ at $ 45 a share. $ NKLA is currently trading at $ 29.52.
Chinese EV maker Nio also saw its share price rise, closing Thursday at $ 12.15 per share, after a 52-week low of $ 1.19 per share on October 2, 2019. For Goldman Sachs, the nio is – Share overvalued by over $ 15.
Fisker is the newest EV company looking to go public. It plans to launch the Ocean Electric SUV in late 2022. Is that enough for a good rating?

The stock prices of traditional automakers like GM and Ford have fallen in the past few months.