Share to Twitter Share to Linkedin There is evidence consumers now favor electric vehicles over comparable internal combustion engine cars and trucks. It is a big deal for automakers and investors. Porsche executives announced on Monday that global sales of Taycan, its next generation electric vehicle, have surpassed those of the iconic 911. It’s a milestone. The EV era is here. Investors should consider buying Tesla TSLA (TSLA) . Let me explain. There was never any doubt Porsche customers would eventually choose the Taycan over its lineup of ICE vehicles. The surprise is how quickly they made the jump. For 70 years the Porsche 911 has been the pinnacle of German sportscars. Its frog-like front fascia and wide rear-end have barely changed since 1963. That design language influenced every Porsche since, from its SUVs, the Cayenne and Macan, to Panamera, a four-door sedan, to Taycan, the first foray into EVs. When Porsche launched the Taycan Turbo … [Read more...] about The Machines That Build Machines, Porsche Vs Tesla
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5 Value Stocks That Can Make You Richer in 2022
For more than a decade, growth stocks have been the talk of Wall Street. Historically low lending rates have rolled out the red carpet for fast-paced companies and allowed them to borrow cheaply in order to hire, acquire, and innovate. But what you might not realize is that value stocks have actually outperformed growth stocks over the very long run. Since value stocks are profitable and time-tested, they're the perfect place for patient investors to put their money to work. Below are five value stocks that could make you richer in 2022. Image source: Getty Images. General Motors The days of General Motors ( NYSE:GM ) being just another stagnant auto stock are gone. The electrification of automobiles has placed a multi-decade growth opportunity on the company's doorstep, and it'll undoubtedly run with it. In June, General Motors announced plans to up its investments in electric vehicles (EVs), autonomous vehicles, and batteries to $35 billion by 2025 . The … [Read more...] about 5 Value Stocks That Can Make You Richer in 2022