2 Undervalued EV Stocks You Can Buy and Hold for the Next Decade

"Undervalued" and "electric vehicle makers" are terms that typically don't belong in the same sentence. Even if the shares of electric vehicle (EV) stocks are down relative to their recent highs, that doesn't always make them cheap or undervalued.

At the same time, just because an EV company has an elevated stock price doesn't mean its overvalued, either. Tesla (NASDAQ: TSLA) is one that comes to mind where analysts were saying its $700 share price (at the time) was about $550 too high. Today it's trading north of $1,000 again, and the EV maker is starting to speed up its motor again.

That's why smart investors need to look under the hood of EV stocks, with the pair of automakers below neatly fitting into the buy-and-hold portion of your portfolio.

Source Fool.com