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Here’s What $ 500 Invested In 7 Electric Vehicle Penny Stocks In March Is Now Worth

Who would have thought that 2020 would be the dawn of a new era in EV inventory. Although many of these companies have been in the market in some form or form for years, most trade in the form of penny stocks. Tesla Inc (NASDAQ: TSLA), which has always been the best dog in the business, now finds itself with a number of major competitors.It is undeniable that FOMO (fear of missing out) has driven the short term trends of those lesser known. and those who invested early are now reaping the rewards. Before we continue, we must recognize that these actions carry enormous risks. EV stocks detailed below are all volatile like penny stocks. So if you are looking for ways to trade these names or make money with penny stocks, it is important to control your downside. That being said, a number of new EV stocks have also helped fuel demand. Let’s say you decided that after the March sale of this year to invest money in electric vehicle subtitles. What would it look like right now if you were to take $ 500 at that point and blindly throw it in some of these names? Kandi Technologies Group, Inc. (NASDAQ: KNDI) Kandi Technologies is one of the new names in the space. In 2013, the company and Geely Group, a Chinese automobile manufacturer, jointly invested in the establishment of Fengsheng Automotive Technology Group Co., Ltd. in order to develop, manufacture and sell pure EV products. Earlier this year, Fengsheng introduced its first all-electric SUV, the Maple 30x.Fast-forward until today and Kandi has established dealer partnerships for the retail launch of two “affordable EV models” – K23 and K27. KNDI shares have risen nearly 180% over the past two weeks, nearly hitting an all-time high of $ 17.40 as of July 30. A $ 500 investment in Kandi in mid-March would have earned someone around 230 stocks. At today’s price, that position would be worth around $ 3,300. That’s a 560% return. ElectraMeccanica Vehicles Corp (NASDAQ: SOLO) ElectraMeccanica’s flagship product is a single-passenger electric vehicle called “SOLO”. The company is working to market and strengthen its footprint in the United States, with its first round of new retail stores just announced at the end of October and the initial shipment of SOLO EV who just arrived in North America. With an imminent commercial launch and momentum in the background. , SOLO shares have surged in recent weeks. In a July interview with Benzinga, ElectraMeccanica CEO Paul Rivera said: “We are not trying to compete with Tesla … When you drive this car, it’s just you, and you are focused. on the road.” With SOLO shares trading around $ 0.90 in mid-March, a position of $ 500 would be somewhere in the 555 stocks. On Thursday, the old penny stock hit a high of $ 9.74, making this position worth around $ 5,405, a gain of 900%. Blink Charging Co. (NASDAQ: BLNK) Another of the “pick and shovel” EV stocks is Blink Charging. The company continues to gain visibility as its charging stations remain a hot topic among merchants and customers. Not only has Blink focused on expanding its charging footprint, the company has benefited from other industry news as well. Apple Inc (NASDAQ: AAPL) for example, announced earlier this year that its Apple Maps will include EV charging routing. According to Blink, this will include its charging stations. Last week, Blink showcased a cable management solution for new and existing EV charger slots. BLNK hit a new all-time high on Thursday, breaking $ 19 for the first time. A position of $ 500 in BLNK around mid-March would equate to around 312 shares at $ 1.60. At today’s price, this post is worth over $ 5,720, a gain of over 1000%. Ayro Inc. (NASDAQ: AYRO) Ayro Inc. initially focused on manufacturing short-haul electric vehicles, such as vehicles that drive around college campuses and office complexes. But the company’s recent agreement with Karma Automotive forms a partnership that includes a plan to produce more than 20,000 light trucks over the next three years. It is also worth $ 300 million. While AYRO is still one of the cheapest EV stocks, the stocks have been just as explosive. Prior to its merger with DropCar, shares were trading around $ 0.40 in mid-March. A position of $ 500 equals approximately 1,250 shares of DCAR – now AYRO. At current levels this week above $ 6, this position is worth around $ 7,700. Green Power Motors (NASDAQ: GP) Green Power was originally listed on the TSX Venture market and traded in the United States on the OTCQX market under the symbol GPVRF. After filing a $ 35 million IPO on the Nasdaq, Green Power began trading under GP, the symbol for which it is known today. The company manufactures electric buses, freight delivery vehicles, shuttles and mass transit vehicles. Green Power recently struck a deal for six electric school buses which were sold to Thermalito Union Elementary School District through Greenpower’s national distributor, Creative Bus Sales. Although GP reached $ 23.45 earlier this year, the former penny stock is currently trading around $ 19. In mid-March, while Green Power was still on the OTCQX, the penny was worth around $ 1.05, meaning that a position of $ 500 was equivalent to around 476 shares. At recent levels of $ 19, this position is now 1,700% higher, valued at around $ 9,000. Workhorse Group (NASDAQ: WKHS) Who could forget Workhorse Group? It was one of the electric vehicle captions originally put together by a Tweet from Trump last summer. The company specializes in medium-duty trucks with powertrain components under the Workhorse chassis brand. More recently, WKHS has gained momentum after receiving an order form for 500 all-electric C-1000 delivery vehicles from Pritchard Companies. Some of the momentum had been stifled following news that Ford Motor Company (NYSE: F) would deploy its own electric cargo vehicle. Needless to say, this hasn’t been a bad year for the old penny stock. In mid-March, the shares were trading around $ 1.50. At its peak, WKHS hit highs of $ 30.99. Currently, EV stock is around $ 22.78 a share. This means that a position of $ 500 in March (roughly 333 shares) is now worth over $ 7,580 or a gain of over 1400% .Nio Inc. (NYSE: NIO) Nio is no longer the new kid on the block. Last year, NIO went into a penny stock, at one point, priced as low as $ 1.19. While it didn’t experience a massive sell-off like most of the market in the first quarter, NIO’s shares were hovering around $ 2.30 in mid-March. But in light of the company’s recent earnings beat, NIO is at $ 48, knocking on the door all time. A position of $ 500 in mid-March would equate to around 217 shares of NIO. Today that would be worth $ 10,500, which equates to a gain of over 2,000%. Neither the author of this article nor has a position or financial relationship with any of the above mentioned stocks. See more from Benzinga * Click here for Benzinga options trades * Winners and losers of cannabis shares from November 19, 2020 * Bitcoin, Ethereum & Chainlink – American Wrap: 11/19/2020 (C) 2020 Benzinga. com. Benzinga does not provide investment advice. All rights reserved.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

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