2 Electric Vehicle (EV) Stocks Billionaires Are Aggressively Selling and 1 They Can't Stop Buying
Few long-term growth trends have captivated the attention of investors quite like the electrification of consumer and enterprise vehicles. With most developed countries wanting to reduce their carbon footprint, pushing clean-energy transportation is one of the most direct ways to effect change.
Through the remainder of the decade, electric vehicles (EVs) should be one of the fastest-growing industries on the planet. A report released last year by Beyond Market Insights estimates a compound annual growth rate of 22.5% for the global EV market between 2022 and 2030.
But as investors will note from previous next-big-thing investments, not all companies are going to be winners. Based on the latest round of Form 13F filings from billionaire money managers -- 13Fs provide a snapshot of what the brightest minds on Wall Street bought and sold in the latest quarter -- two EV stocks are being avoided, while another ultrapopular EV stock has recently been tops on their buy list.
Source Fool.com
