Here Are My 2 Favorite Electric-Vehicle Stocks to Buy Right Now -- and Neither of Them Are Tesla
It's tough to have a conversation about electric-vehicle (EV) stocks without mentioning . But it's important to keep in mind that there could be other EV investments that are worth a look, and there are three that I like more than Tesla at their current prices.
Don't get me wrong. I'm a big fan of Tesla and think the company has revolutionized the automotive world. When the Model S was introduced, Motor Trend named it 2013's "Car of the Year," a well-deserved title. And we undoubtedly wouldn't be on the cusp of a full-scale EV adoption boom without Tesla's contributions to the industry.
But with Tesla trading at an $840 billion valuation and 95 times forward earnings estimates, there's a lot of growth priced in, and I think there are more compelling opportunities for long-term investors. With that in mind, here are my two favorite EV stocks to buy right now, and why I'm a big fan of each.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 70 Buy predictions and 28 Sell predictions.
With a target price of 249 € there is a slightly positive potential of 13.36% for Tesla Inc compared to the current price of 219.65 €.
