3 Hot Electric Vehicle Stocks to Buy and Hold for the Next Decade
In 2015, Elon Musk famously projected that Tesla (NASDAQ: TSLA) would be making "a few million" cars per year by 2025. Many laughed it off, as the electric-vehicle (EV) industry was still in its nascent stage, and Tesla had built just about 33,000 units of its only luxury sedan, the Model S, the previous year.
On Oct. 25, Tesla bagged an order of 100,000 vehicles from one customer alone, days after it announced it had delivered a record 241,300 cars in just the third quarter.
Tesla's growth reflects the potential in the global electric-vehicle market. From automakers to providers of batteries, charging infrastructure, and ancillary products and services, companies of all types and sizes are pumping billions of dollars into EVs, and many watching their stocks hit dizzying heights.
Source Fool.com
