More Likely to 5x First: Tesla vs. Ford?
Electric vehicles (EVs) will be one of the large secular growth stories of this decade. BloombergNEF researchers estimate that annual unit volumes for plug-in EVs will grow from 6.6 million in 2021 to 20.6 million in 2025. Considering how much a new car costs, this is a trillion-dollar revenue opportunity for companies to go after. That is why so many automakers -- from EV pioneer Tesla (NASDAQ: TSLA) to upstarts like Rivian to legacy automakers like Ford (NYSE: F), Volkswagen, and Toyota -- are investing so much money in their EV product lines.
But which stocks among these automakers provide the best investment opportunity at current prices? Let's look at two key players -- Tesla and Ford -- and identify which stock looks most likely to 5x in the shortest time period.
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Source Fool.com
