As electric vehicle (EV) and automotive vehicle (AV) trends continue to gain traction, automotive stocks in the stock market continue to be in the spotlight. The industry is evolving before our very eyes and it may well just be the tip of the iceberg. We saw Tesla (NASDAQ: TSLA) announcing an all-time high quarterly delivery for its first quarter of 2022. Tesla delivered 310,048 vehicles for the quarter, exceeding some analysts’ expectations despite the supply chain disruptions faced by the industry. As a result, JP Morgan raised TSLA stock’s price target to $335 from $325.
Elsewhere, Xpeng (NYSE: XPEV) also recently announced its first-quarter deliveries. It delivered 34,561 vehicles during the quarter, a 159% increase year-over-year. Well, all these numbers further illustrate that the automotive industry is going electric. Thus, it is reasonable to assume that these trends would continue to draw the attention of investors. With that said, here are some of the top automotive stocks worth looking at in the stock market today.
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