Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios through stocks, options and forex trading. This week, we asked over 400 Benzinga investors and traders which American automaker stock they believe will grow the most by 2025.
The Electron Global Fund was up 2% for September, bringing its third-quarter return to -1.7% and its year-to-date return to 8.5%. Meanwhile, the MSCI World Utilities Index was down 7.2% for September, 1.7% for the third quarter and 3.3% year to date. The S&P 500 was down 4.8% for September, up 0.2% for the third Read More
Best American Automaker Stock
Over the next five years, which American automaker stock will have the largest percentage gain?
- General Motors (NYSE: GM)
- Chrysler (NYSE: FCAU)
- Ford (NYSE: F)
- Tesla (NASDAQ: TSLA)
- Nikola (NASDAQ: NKLA)
- Workhorse (NASDAQ: WKHS)
- Arcimoto (NASDAQ: FUV)
Investors Believe Tesla Will Grow The Most
Overwhelmingly, 53.9% of traders and investors believe Tesla’s price per share over the next five years will grow the most, relative to its American automaker counterparts.
Our Benzinga EV insights team recently reported Tesla produced 82,727 vehicles in the second quarter — a decrease of 20% sequentially and 5% year-over-year — and delivered 90,891 vehicles.
Though it experienced production halts during the ongoing coronavirus pandemic, Tesla told investors it has the capacity to top 500,000 vehicle deliveries in 2020. Tesla traded at $432 as of this publishing, off its 52-week low of $50.04.
Although Tesla is known for a unique online car-buying experience, recent news broke regarding a change in an elimination of Tesla’s return policy. Our EV insights team reported when buying a Tesla, customers used to be able to return the car for a full refund — no questions asked — within seven days or 1,000 miles, whichever came first. As of this publishing, this return policy is longer in place.
Workhorse To Be The Second Largest American Automaker Gaining Stock
Behind Tesla, 15.8% of investors told us Workhorse would gain the most.
Workhorse is on a mission to manufacture drone-integrated electric vehicles to provide last-mile delivery services nationwide. Last week, we reported Workhorse shares traded higher after the American EV maker received $200 million in convertible note financing.
The future is ambiguous for Workhorse as the EV maker is waiting on a bid to supply USPS with electric delivery vehicles.
The bottom 3 for this week’s report: traders and investors didn’t see nearly as much upside with General Motors (7.2%), Arcimoto (2.4%) and Chrysler (1.2%).
Full results: Tesla: 53.9%, Workhorse: 15.8%, Ford: 10.3%, Nikola: 9.3%, General Motors: 7.2%, Arcimoto: 2.4%, Chrysler: 1.2%.
Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The order of survey answers were randomized for each respondent. The study reflects results from over 400 adults.
Henry Khederian contributed to this report.