3 Top Electric Vehicle Stocks to Buy for the Long Haul
The "dot-com" bubble is one of the most famous periods in stock market history. The internet was new, and an investor frenzy bid up stocks that had anything to do with the worldwide web. Eventually, the bubble burst and most of the frenzied stocks are no longer around today.
A similar craze with electric vehicles (EVs) has occurred; electric vehicle company Rivian may IPO at a larger valuation than Ford Motor Company without delivering a single vehicle! But just like the internet, electric vehicles are coming, and some great companies are leading the charge; here are three of them.
Tesla (NASDAQ: TSLA), led by CEO Elon Musk, brought electric vehicles into the mainstream discussion in 2012 when the Model S launched. The rest of the automotive industry watched Tesla's deliveries grow from 22,442 vehicles in 2013 to 499,535 in 2020; now, the entire industry is racing to bring competitive electric vehicles to market.
Source Fool.com
