Best ev stock to buy under 10$

The best EV stock to buy under $10 is Panasonic Holdings (OTCMKTS: PCRFF). Here's why:

1. Valuation and Dividend Yield: Panasonic Holdings (PCRFF) is trading at a forward P/E of 6.8, which is quite low, indicating that the stock may be undervalued. Additionally, it offers a dividend yield of 2.81%, which is attractive for income-seeking investors.
2. Aggressive Expansion Plans: The company has ambitious expansion plans, targeting EV battery capacity of 200GWh by 2031, which is a significant increase from its current capacity. This expansion is a clear sign of confidence in the future of the EV industry and positions Panasonic to benefit from the expected growth.
3. Innovation Edge: As an EV battery manufacturer, Panasonic has an innovation edge that could help it maintain its competitive advantage in the industry.
4. Market Conditions: The EV industry is currently facing headwinds, including macroeconomic challenges and intense competition. However, this also presents an opportunity for long-term investors to buy undervalued stocks like PCRFF at discounted levels.
5. Potential for Multi-Bagger Returns: If business developments remain positive, the stock has the potential to deliver multi-bagger returns, making it an attractive investment for those looking for high returns.

In conclusion, while there are other EV stocks under $10 that could be considered, Panasonic Holdings stands out due to its combination of low valuation, dividend yield, aggressive expansion plans, innovation edge, and the potential for significant returns.