There are several new and innovative stocks that have the potential for a huge upside return. Here are a few examples:
1. Tesla: Tesla is a leading electric vehicle (EV) manufacturer and the only EV pure play that's currently profitable. With the increasing popularity of EVs and Tesla's continuous focus on innovation, there's potential for significant growth in the company's stock price.
2. Nio: Nio is a Chinese EV startup that has been gaining traction recently. The company is known for its high-performance electric cars and has a strong focus on technology and innovation. It's considered one of the top competitors to Tesla in the EV market, making it a potential winner in the industry.
3. Lucid Motors: Lucid Motors is an American EV startup that's been making waves with its luxurious electric sedan, the Lucid Air. The company has a strong focus on technology and sustainability, which aligns with the growing trend of EVs. It's considered a potential disruptor in the automotive industry, making it an exciting stock to watch.
4. Rivian Automotive: Rivian Automotive is an American EV startup that's been receiving a lot of attention lately. The company has a unique approach to EVs, with a focus on adventure and outdoor activities. Its stock price has been on the rise due to its innovative products and strong partnerships with major companies like Amazon.
5. Copart: Copart is an American technology company that specializes in online car auctions. The company has been gaining traction recently due to its innovative business model and strong financial performance. It's considered a potential disruptor in the traditional car auction industry.
It's important to note that these are just a few examples and that investing in any stocks carries risk. It's recommended to do your own research and consult with a financial advisor before making any investment decisions.