26 Sep Forget Tesla’s Battery Day, These EV Stories Are More Important
Tesla’s (NASDAQ:TSLA) much-anticipated “Battery Day” came and went last week, with initial investor reaction indicating the event did not live up to the hype. Or perhaps better to say, Tesla reconfirmed what we already knew: Battery technology is a huge challenge for electric vehicle (EV) manufacturers, and there are no quick and easy solutions to improve it.
But even if Battery Day didn’t deliver as hoped, there is no questioning the potential of EVs. Tesla’s stock has more than tripled year to date thanks to that promise, and a new generation of companies are following close behind, hoping to benefit from the coming disruption to the automotive industry.
Investors have a growing number of options when it comes to EVs. Here’s why we’re watching Kensington Capital Acquisition (NYSE:KCAC), Tortoise Acquisition (NYSE:SHLL), and Workhorse Group (NASDAQ:WKHS) closely right now.
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