Increasing environmental awareness and a need for Co2 emissions reduction have led to a growing demand for electric cars.

It is expected that the production of electric cars will constantly grow in the upcoming years, and their use will become commonplace by 2040. That is why it is very important to take the right step and invest on time.

We have singled out three stocks to watch out for in the first quarter of 2021.

Tesla, Nio & GM

In the first place, of course, is Tesla. This American company is a pioneer in the design and production of electric cars and batteries. At the beginning of 2020, the value of this stock was around $430.00, and by June it had increased to $1000.00.

Later in December, Tesla joined the S&P 500 index and this entry into the upper echelons of the US’s flagship stock index reached another milestone for its billionaire founder, Elon Musk. As you can see in our infographic, the stock price to date is 864.16 with a growth trend over January.

In second place on our list is Nio, or "Tesla from China". The company's shares rose significantly in the previous year. The current share price is $57.15.
Although Nio is a small company and relatively young in the market, this company is highly innovative.

In contrast to the previous young company on the third place of our list is the very famous General Motors, founded in 1908 in Detroit. In recent years, this company has focused its production on electric vehicles.

Operating under Buick, Chevrolet, GMC and Cadillac, General Motors has a large market segment in the car industry and wishes to translate this into the emerging electric car segment.

This sounds very interesting in terms of investment, as this company has a market capitalization of around $36bn. The value of GM stock to date is $49,34 and it shows a growing trend. This is why we consider it one of the three stocks to watch in the first quarter of 2021!