Investing in Tesla? Consider This EV Charging Stock Instead
Shareholders of Tesla (NASDAQ: TSLA) have experienced incredible gains over the last few years. One explanation for a valuation that defies logic is that it's a bubble, with a drop to come that will be as remarkable as the ride up has been. But another suggestion is that the market is so massive that the company will grow into the valuation.
If the latter is the case, Tesla shares could hold their value. Further, it would imply that charging infrastructure for the sector still has a huge runway. Regardless of how Tesla fares, the transition to electric vehicles (EVs) is unmistakable, and charging networks will grow. But which charging company should investors consider?
EVBox chargers. Image source: EVBox.
Source Fool.com
