Missed Tesla? These EV stocks could 10x your money in 2025

Electric vehicle stocks have had a mixed performance this year. Most of them have crashed, while Tesla has soared to a high of $360, its highest level since April 2022 and 225% above the lowest point in 2023. So, here are some of the best EV stocks to buy that could 10x your money in 2025.

Are EV stocks good investments in 2025?

Most investors believe that EV stocks will underperform the market in 2025 because of the recent Donald Trump election. Trump has always been skeptical about EVs and has hinted that he will undo the stimulus package that gives buyers incentives. 

He has also pledged to introduce new tariffs that could impact industries. However, the reality is that EV stocks may do well during the Trump administration. For one, Trump has aligned himself with Elon Musk, the founder and CEO of Tesla, who has advocated for these tax credits.

Also, while a president is important, data shows that the stocks rarely do as expected when a presidential term starts. For example, most EV stocks did poorly during the Biden administration despite his incentives. So, there is a likelihood that some EV stocks will bounce back. 

Nio stock has formed a bullish pattern

The main reason why Nio stock price will bounce back in 2025 is that it has formed a highly bullish chart pattern. On the daily chart, we see that it has been forming a falling wedge pattern on the daily chart. 

This pattern is characterized by two descending trendlines that are converging. In most cases, a falling wedge usually results in a strong bullish breakout when the two lines are approaching the convergence point. 

Therefore, if this happens, there are chances that the stock will go vertical in 2025. If this happens, the first initial target to watch will be the year-to-date high of $7.7, which is about 76% above the current level. 

A break above that level will lead to higher chances of it soaring to $9.55, the highest point in December last year, followed by $16.17, its 2023 high, which is about 270% higher than the current level.

Rivian stock has created a double-bottom

The other good EV stock to buy for strong returns in 2025 is Rivian, one of the most popular brands in the US. Fundamentally, Rivian has some major issues, including its continued cash burn. 

However, the company has made some progress by reducing its gross loss and by partnering with Volkswagen. Rivian has also provided a roadmap to profitability.

The main reason why Rivian is a good EV stock to 10x your money is that it has formed a slanted double-bottom pattern. In most periods, this is one of the top bullish reversal signs in the market. 

The double bottom happened around the $9.8 level, while the neckline has moved to $18.86. Therefore, because of this pattern, there are odds that the RIVN stock price will stage a strong rally and move to $18.86, which is about 127% above the lower side of the double bottom. 

A break above the pattern’s neckline will lead to more gains, potentially to $28, which is its 2023 highest point. If this happens, Rivian then can replicate Carvana’s rally as it attempts to jump to a record high of $170. Remember, all it takes for Rivian to achieve this is to report two or three quarters of strong results.

XPeng stock could rebound because of its strong growth

XPeng stock price has retreated to $12, down by 23% from its highest level this year. It remains about 82% higher than the year-to-date low. 

XPeng share price has the potential to go parabolic because of its strong fundamentals and supportive technicals. On the daily chart, the stock recently formed a golden cross pattern as the 50-day and 200-day Exponential Moving Averages (EMA) crossed each other. In technical analysis, this is one of the most popular bullish signs. 

XPEV’s recent pullback is normal since it happened after it rose to the 50% Fibonacci Retracement level. It is highly common for stocks and other assets to have a pullback when they hit the retracement point. 

XPeng’s business is also growing despite the ongoing challenges in China and other countries. The most recent results showed that the revenue rose by 24.5% in the third quarter to RMB 10.1 billion. This happened as the company delivered 46,533 vehicles during the quarter, an increase from the 40,008 it sold in the same period a year earlier.

Most importantly, the company is on a path to profitability as its gross margin jumped to a record high of 15.3%. The company’s initiatives like its flying car could lead to a higher stock price. 

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