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Not just Tesla: Tech analyst says electric vehicle stocks could soar 50% this year



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CEO of Tesla Motors Elon Musk.Brendan McDermid | ReutersElectric vehicle stocks could climb up to 50% this year, according to Wedbush analyst Daniel Ives, who thinks there’s enough room in the market for more than just Tesla.”In my opinion EV stocks could be up another 40- 50% this year, given what we’re seeing in terms of a green tidal wave globally,” Ives told CNBC’s “Street Signs Europe” Monday.”I think right now it’s a big enough ocean for more than one boat,” said Ives. “It’s not just going to be Tesla’s world.”Ives said he expects the electric vehicle industry to …

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