21.08.2023 10:05
Tesla vs. VW: what is better to buy - a car or shares?
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Tesla vs. VW: what is better to buy - a car or shares?Electric vehicles are selling more actively than traditional cars in Europe, a result attributed to the popularity of the Green Revolution ideas that make consumers pay more for environmentally friendly vehicles. Volkswagen (OTC: VLKAF) remains the top seller, but Tesla's (NASDAQ: TSLA) rapid growth is challenging the European auto giant.The priority of the German concern in its domestic market is gradually spreading to the entire continent. The Volkswagen T-Roc, Volkswagen Tiguan and Volkswagen Golf are the best sellers for the second year already, but in the second quarter, the Tesla Model Y became the most popular model (sales growth of more than 200%). If Tesla maintains its current momentum, then the European rating could adjust.Those who are not ready to change from a traditional car to an electric car can invest in manufacturer shares.In fact, Volkswagen shares returned to the average range of 2015-2020, when the price hung in the $100-185 zone. Based on recent reports, the earnings growth trajectory is encouraging, although net income dynamics have yet to confirm a similar growth momentum. But staying in this channel is now unprofitable. While the price is testing October 2020 support levels, there is a good time to buy.The first target: is $180-185, then with a positive foundation, we can consider the zone of $210 and above.Tesla's share price is trying to recover from a notably weak performance in 2022, and the financials are supporting the trend. The company managed to win back more than 50% of the fall, but now the test of the $230 zone can ease the selling pressure and give the bulls a signal for a successful entry.The first target is $270-285, then, if the market is favourable, the zone of $300 and above becomes relevant.The battle between the two automakers promises to become more aggressive, so such an investment is sure to be risky but rewarding.Let's see what happens.Profits to yall!#ForexChief #Tesla #stocks #Market #forexnews #blockchain #worldnews #Volkswagen
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