Tobi Opeyemi Amure

Tue, Jun 17, 2025, 9:01 AM4 min read

Now that Elon Musk has packed his bags and left The White House, it will be interesting to see how Tesla performs. In the last six months, Tesla’s revenue has been falling and profitability is taking a hit. Any investor with a bit of experience knows to think about the long-term strategy, but with the company delivering fewer EVs and pivoting toward autonomous vehicles and robotics, the stock’s current valuation is muddled.

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Regardless, it’s always a good idea to look at new opportunities and diversify your portfolio. You can diversify by picking stocks in the EV sector — like Tesla — or related businesses like battery technology and charging infrastructure.

Though some analysts maintain a “buy” rating, others have downgraded the stock due to concerns about the company’s future based on sales declines, the CEO’s personal involvement and potential brand damage. Here is a current snapshot of Tesla, as of June 16, 2025:

• Stock price: $329.17

• Market cap: $1.03 trillion

• 52-week high: $488.54

• 52-week low: $169.80

For those who already own Tesla, here are five other stocks to consider.

• Stock price: $3.54

It’s been referred to as the “Tesla of China,” and for good reason. It’s a car manufacturer that specializes in electric vehicles (EVs). Nio reported total revenues of 18.7 billion yuan during the third quarter of 2024.

However, in 2025, you should note that some analysts are on the fence about Nio. While it is experiencing growth and cost-cutting measures, it continues to struggle with operating losses and profitability. Investors with higher risk tolerances may consider it a buy due to potential upside, but caution is advised due to the company’s financial situation and the potential impacts of tariffs and competition.

Nio is particularly impressive for its battery-swapping technology, which allows drivers to exchange discharged batteries for fully charged ones. This innovation helps solve range anxiety and actually helps users do their business more easily. Nio is in the right place, with China aggressively penetrating this booming market and pushing hard for more EV adoption.

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• Stock price: $0.72

ChargePoint runs one of the largest EV charging networks in the world, with more than 1 million places for people to charge in North America and Europe. ChargePoint’s services have become more essential as more people start to switch to EVs. In the third quarter of its fiscal 2025, ChargePoint reported revenue of $100 million.