Are Electric Vehicle Stocks Overhyped?
The question of whether electric vehicle (EV) stocks are overhyped is a legitimate one. One only has to look at the performance of a stock like Tesla (NASDAQ: TSLA) over the last several years to see why it's worth researching whether to invest in the sector.
Tesla shares have soared 1,800% over the past three years. In that time, Tesla went from recording a net loss of over $860 million in 2019 to profits of $719 million in 2020 and an impressive $5.5 billion in 2021. So while investors had hyped, and arguably overpriced, Tesla stock for many years, the business has proven itself. Investors now want to know what other EV companies could follow that path.
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Source Fool.com
