The electric vehicle (EV) industry was not kind to investors in 2022. Shares of Tesla (NASDAQ: TSLA), Nio (NYSE: NIO), and Rivian Automotive (NASDAQ: RIVN) all suffered their worst calendar year performances ever -- falling by 65%, 69%, and 82%, respectively. 

Even after the sell-off, Tesla has remained an EV market leader for the last few years. And the stock has been rebounding nicely in 2022. But is now the time to stick with a proven winner like Tesla or to take a leap by adding less-proven growth stocks like Nio and Rivian to your portfolio?

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Source Fool.com