Are Electric Vehicle Stocks Overhyped?
No one wants to lose out on a huge opportunity, and it's pretty clear that electric vehicles will, indeed, be a massive opportunity. But the fear of missing out (or FOMO, as the kids say these days) shouldn't drive you to the point where you make an investing mistake. Here's how conservative investors should probably be thinking about electric vehicle (EV) stocks today.
We all know the names of the major automakers, including the likes of Ford, Toyota, and Volkswagen, among others. The list of giants is actually pretty small, but when combustion engine cars were just starting out there were a lot more names out there vying for dominance. What we see today are the ones that managed to survive and thrive through the early chaotic days of an emerging industry. The same story holds true in industry after industry, with a rush of early players eventually shaking out to a small number of big winners.
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Source Fool.com
