3 Electric Vehicle Stocks You Can Buy and Hold for the Next Decade
In stock markets, spotting winners early is probably the biggest challenge. You really need to see several years out to make a bet on a company's future. Looking at future trends could be of some help here. A shift from internal combustion engine vehicles to electric vehicles is one such trend.
Three stocks -- Tesla (NASDAQ: TSLA), Lucid Group (NASDAQ: LCID), and QuantumScape (NYSE: QS) -- are among those that could benefit from the growth in electric vehicles. While Tesla is already profitable, Lucid Group could still be years away from bottom-line profits. By comparison, QuantumScape is at the pre-revenue stage and still developing its product.
Let's discuss why, despite being at different stages, each company looks well-placed for long-term growth.
Source Fool.com
